Singapore

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.