Frasers Commercial Trust Q1 DPU stable at 2.51 cents

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.