FCT's Q2 DPU down 49% on bigger base, retained earnings
Circuit-breaker measures, rental rebates will have significant impact on revenue for rest of FY20
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FRASERS Centrepoint Trust (FCT) on Thursday posted a second-quarter distribution per unit (DPU) of 1.61 Singapore cents, down 48.7 per cent from 3.137 cents a year ago, due to an enlarged unitholders base and the manager's decision to preserve distributable income for financial flexibility in these uncertain times.
This is as the market is adjusting to expectations of lower payout ratios for Singapore real estate investment trusts (Reits) over the next few quarters in light of the ongoing pandemic and recently-passed Covid-19 (Temporary Measures) Act.
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