Corporate digest

Frasers Centrepoint Trust

HIGHER portfolio occupancy rate, increased revenue, and lower property expenses delivered a second-quarter boost to retail landlord Frasers Centrepoint Trust. Distribution per unit (DPU) for the three months ended March 31 came in at 3.137 Singapore cents, up 1.2 per cent from 3.10 Singapore cents in the year-ago period. Gross revenue rose 2.3 per cent to S$49.7 million, while net property income grew 4.8 per cent to S$36.4 million.

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