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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch