FCT Q4 DPU up; eyes on rental reversions

Singapore

HIGHER rental revenue helped lift fourth-quarter distribution for mall owner Frasers Centrepoint Trust (FCT), but a plausible shake-up in tenant mix across its portfolio had analysts mulling its impact on the real estate investment trust's performance.

"Your occupancy costs remain quite healthy, so does it mean that for FY16's rental reversions you're able to keep it at the same level?" asked one analyst at FCT's results briefing on Thursday morning.