Singapore

FRASERS Centrepoint Trust (FCT) on Friday reported a 10 per cent increase in distribution per unit (DPU) from a year ago to 2.75 Singapore cents for its first quarter ended Dec 31.

Gross revenue for the quarter rose 18.3 per cent year-on-year to S$47.2 million, and net property income (NPI) increased 16.2 per cent to a record S$32.9 million.