Frasers Centrepoint Trust reports higher income after upgrading of Causeway Point
FIRST quarter distributable income rose 4.3 per cent at Frasers Centrepoint Trust (FCT) on higher revenue from Causeway Point after renovation works were completed.
Distributable income at the real estate investment trust was $20.6 million for the three months to Dec 31, up from $19.8 million a year earlier.
Gross revenue increased 5.0 per cent to $40 million.
Distribution per unit rose 4.2 per cent to2.5 cents, to be paid out on Feb 28.