FCT's fourth-quarter DPU falls 6.5%
Singapore
FRASERS Centrepoint Trust (FCT) posted a 17.5 per cent increase in income available for distribution for its fiscal fourth quarter as it reaped contributions from the newly acquired Changi City Point mall.
The retail real estate investment trust (Reit) said income available for distribution rose to S$25.5 million over the three months to Sept 30, in line with its own forecast. All of that will be paid out to unitholders. The per-unit distribution of 2.785 Singapore cents, of which 2.711 cents is taxable and 0.074 cent…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Apac Realty enters the Philippines with franchise agreement
Aztech Global Q1 net profit up 18.7% to S$16 million on foreign exchange gains, write-backs
UPS profit beats estimates as cost cuts offset weak delivery demand
PepsiCo beats quarterly revenue estimates on price hikes, steady demand
General Motors beats quarterly results targets, raises forecast