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FCT reports DPU of 6.136 cents for 1HFY2022, up 2.3%

Felicia Tan
Felicia Tan4/27/2022 09:20 AM GMT+08  • 3 min read
FCT reports DPU of 6.136 cents for 1HFY2022, up 2.3%
Unitholders will receive their distributions on May 30.
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The manager of Frasers Centrepoint Trust (FCT) has reported distribution per unit (DPU) of 6.136 cents for the 1HFY2022 ended March, 2.3% higher than the DPU of 5.996 cents in the year before.

Gross revenue for the 1HFY2022 increased by 1.5% y-o-y to $176.19 million due to the full six-month contribution from the acquisition of the remaining 63.11% stake in AsiaRetail Fund Limited (ARF). The amount was partially offset by the loss of contribution from the properties divested in the FY2021, which were Bedok Point, Anchorpoint and YewTee Point.

Property expenses fell by 4.7% y-o-y to $45.7 million.

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