FCT's Q1 DPU rises 4.2% to 2.5 cents
FRASERS Centrepoint Trust has posted a distribution per unit of 2.5 cents for the first quarter ended December, an increase of 4.2 per cent from a year earlier.
Income available for distribution rose 4 per cent to $22.7 million. Taking into account cash retained ($2.087 million), this translates into distributable income of $20.6 million, a 4.3 per cent year-on-year increase.
For the quarter under review, net property income (NPI) rose 4.4 per cent to $28.3 million from $27.1 million. Gross revenue rose 5 per cent to $40 million.
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