SINGAPORE (Oct 25): Frasers Centrepoint Trust (FCT) on Thursday reported a DPU of 2.862 cents for 4Q18, 3.6% lower compared to the DPU of 2.970 cents in 4Q17, bringing FY18 to a new high of 12.015 cents, 1.0% higher than 11.90 cents in FY17.

Gross revenue for the quarter was 0.5% higher at $48.5 million, compared to $46.2 million last year. The growth was led by Northpoint City North Wing (NCNW), which saw higher average rental and improved occupancy following the completion of the asset enhancement initiative (AEI) works last year.

Meanwhile, Causeway Point and Changi City Point (CCP), also achieved higher revenue for the year, with 2.3% and 5.0% y-o-y growth revenue, respectively.

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