Frasers Centrepoint Trust's third-quarter distribution per unit up 6%
Published on Jul 22, 2014 7:48 PM
SINGAPORE - Higher rents from its shopping malls lifted third-quarter earnings at Frasers Centrepoint Trust on Tuesday.
The trust posted a distribution per unit (DPU) of 3.022 cents for the three months to March 31, up 6 per cent from the preceding year.
Income available for distribution for the quarter rose 1.3 per cent from the year before to $23.4 million.
Net property income was up 2.4 per cent at $29.1 million and gross revenue increased 3.1 per cent to $41.2 million from the corresponding period last year.
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