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Frasers Commercial Trust declares stable DPU of 2.40 cents for 3Q19

PC Lee
PC Lee7/22/2019 07:17 PM GMT+08  • 2 min read
Frasers Commercial Trust declares stable DPU of 2.40 cents for 3Q19
SINGAPORE (July 22): The manager of Frasers Commercial Trust (FCOT) has announced a Distribution per Unit (DPU) of 2.40 cents for the 3Q19 ended ended June 30, unchanged from 3Q18.
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SINGAPORE (July 22): The manager of Frasers Commercial Trust (FCOT) has announced a Distribution per Unit (DPU) of 2.40 cents for the 3Q19 ended ended June 30, unchanged from 3Q18.

As at June 30, FCOT’s portfolio includes six commercial buildings located in Singapore, Australia and the United Kingdom, representing a combined appraised value of approximately $2.1 billion.

Gross revenue for 3Q19 of $30.2 million was 7% lower compared to a year ago, mainly due to lower occupancy rate for Alexandra Technopark, divestment of 55 Market Street on Aug 31 2018 and effects of the average weaker Australia Dollar, partially offset by higher rent revenue for China Square Central.

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