FCOT Q1 DPU down 4.4% on lower occupancies
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FRASERS Commercial Trust (FCOT) has posted a first-quarter distribution per unit (DPU) of 2.40 Singapore cents, down 4.4 per cent from 2.51 Singapore cents in the same period a year earlier as property income fell while the number of issued units had increased.
The topline took a hit from lower occupancy rates at Alexandra Technopark, China Square Central, 55 Market Street and Perth's Central Park.
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