Forterra Trust narrows Q1 loss

FORTERRA Trust's first-quarter loss attributable to unitholders narrowed 38.6 per cent to $10.4 million, from $16.9 million a year ago.

This translated to a loss per unit of 4.1 cents, against 6.7 cents previously.

The business trust's revenue for the three months ended March 31 fell 35.5 per cent to $15 million, mainly due to the divestment of Central Plaza last May, the termination of rent guarantee for Central Park Mall last August and the ongoing refurbishment of the retail podium at The Place (formerly The HQ).