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Frasers Commercial Trust declares 0.4% lower 4Q DPU of 2.40 cents

PC Lee
PC Lee10/19/2018 08:11 AM GMT+08  • 2 min read
Frasers Commercial Trust declares 0.4% lower 4Q DPU of 2.40 cents
SINGAPORE (Oct 19): The manager of Frasers Commercial Trust (FCOT) declared a DPU of 2.40 cents for 4Q18 ended Sept, 0.4% lower compared to 4Q17.
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SINGAPORE (Oct 19): The manager of Frasers Commercial Trust (FCOT) declared a DPU of 2.40 cents for 4Q18 ended Sept, 0.4% lower compared to 4Q17.

This brought FY18 DPU to 9.60 cents, 2.2% lower compared with FY17 due to the higher unit base in FY18.

Portfolio gross revenue for 4Q18 was $32.5 million, 15.2% lower compared with 4Q17. Net property income of $21.6 million for 4Q18 was 19.2% lower than 4Q17, mainly due to lower utilities expense for Alexandra Technopark and lower repair and maintenance expense for Caroline Chisholm Centre. Distribution to unitholders came in at $21.4 million, 10.4% higher.

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