Frasers Centrepoint Trust's Q3 DPU flat on Northpoint enhancement works
Singapore
THE ongoing asset enhancement initiative (AEI) at Northpoint continues to weigh on Frasers Centrepoint Trust's (FCT) financials, with its third quarter 2017 distribution to unitholders remaining flat even as portfolio occupancy held.
Distribution to unitholders for the three months to end-June dipped one per cent year-on-year to S$27.7 million, FCT's manager Frasers Centrepoint Asset Management said in a filing to the bourse operator on Monday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore stocks end lower even as regional markets rally; STI slips 0.1%
New Thai finance minister downplays row with central bank
South-east Asia increasingly used for illicit money flows, terrorist financing: US Treasury official
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
Japan's Nikkei closes at 3-week high on US rate-cut outlook, tech boost
Philippines’ PLDT in talks to sell up to 49% of data centre business to Japan’s NTT