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