Frasers Commercial Trust posts flat Q1 DPU of 2.4 Singapore cents
Add BT as a preferred source
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.
TRENDING NOW
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Johor property old hand KSL readies family handover amid market boom
