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Frasers Commercial Trust reports flat DPU for Q3

Published on Jul 21, 2014 9:58 PM

Better occupancies and improved margins for Frasers Commercial Trust's Singapore properties was offset by the weaker Australian dollar hitting income from its Australian properties, as the trust today announced a third quarter net property income of $22.9 million, 1 per cent lower than a year back.

But distribution to unitholders rose 3 per cent over the period to $14.8 million.

This translated to a distribution per unit (DPU) of 2.19 cents, similar to a year back, which will be paid out on August 29.

Gross revenue was $29.6 million, a 1 per cent drop.

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