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Frasers Commercial Trust posts flat Q1 DPU of 2.4 Singapore cents

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Sharanya Pillai

Sharanya Pillai

Published Wed, Jan 15, 2020 · 09:50 PM
Frasers Comm Trust

Singapore

MAINBOARD-LISTED Frasers Commercial Trust (FCOT) declared a distribution per unit (DPU) of 2.4 Singapore cents for the first quarter ended December, unchanged from a year ago.

Gross revenue rose 19.8 per cent year-on-year to S$37.8 million, while net property income (NPI) grew 26.5 per cent to S$26.7 million, boosted by higher rental income for China Square Central, Alexandra Technopark, Central Park and 357 Collins Street, as well as lower utilities expenses for Alexandra Technopark.

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