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Frasers Centrepoint Trust declares 1.8% higher 3Q DPU of 3.053 cents

PC Lee
PC Lee7/24/2018 11:07 PM GMT+08  • 2 min read
Frasers Centrepoint Trust declares 1.8% higher 3Q DPU of 3.053 cents
SINGAPORE (July 24): The manager of Frasers Centrepoint Trust (FCT) announced a DPU of 3.053 cents for 3Q18 ended June, up 1.8% year-on-year.
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SINGAPORE (July 24): The manager of Frasers Centrepoint Trust (FCT) announced a DPU of 3.053 cents for 3Q18 ended June, up 1.8% year-on-year.

Gross revenue for 3Q18 was up 10.9% y-o-y to $48.3 million on higher contributions from the three larger malls in the portfolio.

Northpoint City North Wing’s 3Q18 revenue was up 35.9% y-o-y with higher occupancy and rental revenue, while Causeway Point and Changi City Point also delivered better performance with 3.8% and 15.8% revenue growth, respectively.

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