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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly