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Frasers Centrepoint Trust 3Q19 DPU falls 1.7% to 3 cents

Uma Devi
Uma Devi7/23/2019 07:15 PM GMT+08  • 2 min read
Frasers Centrepoint Trust 3Q19 DPU falls 1.7% to 3 cents
SINGAPORE (July 23): The manager of Frasers Centrepoint Trust (FCT) has declared a distribution per unit (DPU) of 3.00 cents for 3Q ended June 30, down 1.7% from the same period last year.
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SINGAPORE (July 23): The manager of Frasers Centrepoint Trust (FCT) has declared a distribution per unit (DPU) of 3.00 cents for 3Q ended June 30, down 1.7% from the same period last year.

Income available for distribution rose 12.4% to $31.8 million but DPU fell due mainly to an enlarged unit base following the completion of the private placement in May and preferential offering in June to 1.1 billion from 926 million last year.

FCT’s gross revenue increased 1.6% to $49.1 million, owing to improvement in revenue contributions from Northpoint City North Wing and Changi City Point.

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