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Frasers Commercial Trust posts flat DPU of S$0.024 for Q4

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Growth in net property income was due in part to higher accounting income on a straight-line basis over the term of leases recognised for Alexandra Technopark (above).

Singapore

FRASERS Commercial Trust's (FCOT) distribution per unit (DPU) was unchanged from a year ago at 2.4 Singapore cents per unit for its fourth quarter ended Sept 30.

Gross revenue inched up 1.3 per cent to S$32.9 million for the quarter from S$32.5 million a year earlier, the...