Frasers Commercial Trust maintains Q3 DPU of 2.40 S cents

Singapore

FRASERS Commercial Trust (FCOT) on Wednesday announced a 10.4 per cent rise in distribution of S$21.2 million to unitholders, working out to a distribution per unit (DPU) of 2.40 Singapore cents for its third fiscal quarter, maintaining its payout from the same period a year ago.

The real estate investment trust (Reit), which counts properties like Melbourne's 357 Collins Street and Singapore's Alexandra Technopark in its portfolio, recorded a 26.9 per cent fall in its net property income to S$20.37 million for the three months ended June 30, 2018, on the back of a 15.2 per cent drop in revenue to S$32.…