Frasers Centrepoint Trust's Q3 DPU flat on Northpoint enhancement works

Singapore

THE ongoing asset enhancement initiative (AEI) at Northpoint continues to weigh on Frasers Centrepoint Trust's (FCT) financials, with its third quarter 2017 distribution to unitholders remaining flat even as portfolio occupancy held.

Distribution to unitholders for the three months to end-June dipped one per cent year-on-year to S$27.7 million, FCT's manager Frasers Centrepoint Asset Management said in a filing to the bourse operator on Monday.