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Frasers Commercial Trust declares lower 3Q DPU of 2.4 cents

Samantha Chiew
Samantha Chiew7/24/2017 10:47 PM GMT+08  • 2 min read
Frasers Commercial Trust declares lower 3Q DPU of 2.4 cents
SINGAPORE (July 24): The manager of Frasers Commercial Trust (FCOT) has announced a DPU of 2.40 cents for 3Q17 ended June from a DPU of 2.41 cents in 3Q16.
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SINGAPORE (July 24): The manager of Frasers Commercial Trust (FCOT) has announced a DPU of 2.40 cents for 3Q17 ended June from a DPU of 2.41 cents in 3Q16.

Frasers Centrepoint Asset Management (Commercial) says 3Q17 distributable income to unitholders rose 0.9% to $19.2 million but this was offset by the increase in number of units from a year ago.

Gross revenue of $38.3 million for 3Q17 was 0.6% lower than for 3Q16, mainly due to lower occupancy rates at Alexandra Technopark, China Square Central and Central Park. However, gross revenue for the Australian properties for 3Q17 was up 5.3% year-on-year mainly as a result of the stronger Australian dollar.

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