Frasers Commercial Trust DPU up 20% in Q1
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FRASERS Commercial Trust (FCOT) on Thursday reported a strong 22 per cent growth in distributable income from a year ago to S$16.7 million for its fiscal first quarter ended Dec 31, as it reaped significantly higher contribution from Alexandra Technopark, higher occupancy rates, and higher rentals.
The increase in distributable income translated to a 20 per cent year-on-year growth in distribution per unit (DPU) to 2.46 cents for the commercial real estate investment trust (Reit).
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
