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Strong rents, occupancies lift FCOT Q4 DPU by 6%

Singapore

FRASERS Commercial Trust (FCOT) achieved a 6.2 per cent rise in distribution per unit (DPU) to 2.21 Singapore cents for the fourth quarter ended Sept 30, thanks to strong rents and occupancies as well as lower interest costs.

This brought the fiscal full year DPU to a record 8.51 Singapore cents, up 8.7 per cent from fiscal 2013.

"The good performance was driven by the properties in Singapore which continued to benefit from the positive momentum in the Singapore office market," said Low Chee...

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