The Business Times
business-time-50

Frasers Commercial Trust posts flat Q1 DPU of 2.4 Singapore cents

google-preferred-sourceAdd BT as a preferred source
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.

Reits

TRENDING NOW

This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

DBS, OCBC and UOB shares hit all-time highs as sentiment improves

Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

Koh Boon Hwee says humans have accepted that robots can take over the most repetitive, manual tasks, but are nervous about AI, which can also think.

With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More