Tuesday, May 5, 2015Tuesday, May 5, 2015

Frasers Centrepoint Trust's third-quarter distribution per unit up 6%

Published on Jul 22, 2014 7:48 PM
Occupancy at Bedok Point improved to 99.3 per cent from 77 per cent in the preceding quarter, which helped to lift third-quarter earnings at Frasers Centrepoint Trust. -- PHOTO: ST FILE 

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.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!