Frasers Commercial Trust Q1 DPU stable at 2.51 cents
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Singapore
FRASERS Commercial Trust (FCOT) posted stable distribution per unit (DPU) of 2.51 cents for the fiscal first quarter ended Dec 31, 2016, and announced a S$45 million makeover for Alexandra Technopark that will commence in mid-2017.
Its fiscal Q1 DPU was unchanged from a year ago, even though no management fees were taken in units this time compared to some 23 per cent of the management fees in the year-ago period being taken in units.
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