Frasers Commercial Trust's Q4 DPU flat at 2.4 Singapore cents

Singapore

DESPITE a fall in gross revenue and net property income, commercial and business park owner Frasers Commercial Trust (FCOT) was able to report a jump in distribution income for its fourth quarter, thanks to contributions from Farnborough Business Park, higher distribution from capital returns and payment of management fee in units in lieu of cash.

For the three months ended Sept 30, FCOT's Q4 income available for distribution increased 10.4 per cent to S$21.4 million.

However, gross revenue dropped 15.2 per cent to S$32.5 million from …