FrasersCom's Q3 DPU stays at 2.19 cts

FRASERS Commercial Trust (FCOT) reported a flat distribution per unit (DPU) of 2.19 Singapore cents for the third quarter ended June 30, as the cost savings from its buyback of convertible perpetual preferred units (CPPU) were offset by lower net property income (NPI).

Its NPI for the quarter slipped 0.7 per cent to S$22.9 million, dragged by weakness in the Australian dollar and higher expenses incurred from the repair and maintenance works at the Caroline Chisholm Centre, an office …