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Nikkei Markets

Singapore's Frasers Centrepoint Trust's 4Q Distribution Per Unit Rrises 5.5% On Year

By Singapore Newsroom
Nikkei Markets
SINGAPORE (Oct 25) -- Singapore's Frasers Centrepoint Trust's fiscal fourth-quarter distribution per unit rose 5.5% to 2.97 Singapore cents from 2.81 Singapore cents a year ago on higher rental income and improved occupancy, according to an exchange filing Wednesday.

Its fiscal full-year DPU rose 1.2% to a record 11.90 Singapore cents from 11.76 Singapore cents, it said.

Full-year revenue was 1.2% lower year over year at $181.6 million as a result of planned vacancies. The quarterly revenue totalled S$48.23 million compared with S$44.62 million

Net property income rose 10% to S$34.58 million for the quarter from S$31.45 million a year ago and the full-year figures were S$129.56 million compared with S$129.85 million.

"Although the general retail sector continues to face structural challenges Frasers Centrepoint Trust's well-located suburban malls continue to remain resilient," the company said in the statement.

Frasers Centrepoint has total assets of S$25 billion and operates in Singapore and Australia.
- By Singapore Newsroom; sgeditorial@nikkeinewsrise.com; +65 6331 6250
- Edited By Abhrajit Gangopadhyay
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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