The Business Times
business-time-50

FCT raises H1 DPU by 2.3% on improved operating, financial performance

google-preferred-sourceAdd BT as a preferred source
Tan Nai Lun
Jude Chan

Tan Nai Lun &

Jude Chan

Published Wed, Apr 27, 2022 · 08:48 AM
    • FRASERS Centrepoint Trust posted a 2.3 per cent rise in distribution per unit (DPU) to S$0.06136 for its first half ended Mar 31, 2022, from S$0.05996 a year ago, as the real estate investment trust saw an improved operating and financial performance in the period.
    • FRASERS Centrepoint Trust posted a 2.3 per cent rise in distribution per unit (DPU) to S$0.06136 for its first half ended Mar 31, 2022, from S$0.05996 a year ago, as the real estate investment trust saw an improved operating and financial performance in the period. PHOTO: BT FILE

    FRASERS Centrepoint Trust (FCT) posted a 2.3 per cent rise in distribution per unit (DPU) to S$0.06136 for its first half ended Mar 31, 2022, from S$0.05996 a year ago, as the real estate investment trust (Reit) saw an improved operating and financial performance in the period.

    The increase comes despite FCT retaining S$4.8 million of its taxable income available for distribution to unitholders in H1.

    In a briefing accompanying the results announcement on Apr 27, the chief executive officer of FCT's manager, Richard Ng, said the retention was for “prudence” as the latest easing of Singapore’s Covid-related safe management measures had not yet been announced when the terms of the distribution were being worked out.

    frasers centrepoint trustFinancial resultsS-Reits

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More