Causeway Point boosts Q2 revenue for Frasers Centrepoint Trust
Published on Apr 22, 2014 8:35 PM
Higher revenue from the Causeway Point shopping mall in Woodlands lifted second-quarter earnings at Frasers Centrepoint Trust on Tuesday.
The trust posted a distribution per unit (DPU) of 2.88 cents for the three months to March 31, up 6.7 per cent from the preceding year.
Income available for distribution for the quarter rose 7 per cent from the year before to $23.8 million.
Net property income was up 2 per cent at $29.3 million and revenue increased 2.9 per cent to $41 million from the corresponding period last year.
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