FCT H2 DPU drops 26.1% as Covid-19 rental relief hits earnings

Singapore

FRASERS Centrepoint Trust (FCT)'s distribution per unit (DPU) fell 26.1 per cent to 4.372 Singapore cents for the half year ended Sept 30, from 5.913 cents a year ago.

Gross revenue was down 33.8 per cent at S$64.5 million, from S$97.4 million in the year-ago period. This was mainly due to S$27.4 million in rental rebates provided to tenants amid the Covid-19 pandemic, FCT's manager said in a press statement on Tuesday.