Frasers Centrepoint Trust’s H1 DPU rises 1.4%to S$0.06136
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Frasers Centrepoint Trust (FCT) reported a 1.4% increase in distribution per unit (DPU) to S$0.06136 for H1 ended March 31. Revenue rose 20.3% to S$221.9 million, with net property income climbing 20.2% to S$160.8 million, driven by acquisitions and higher rents. Distribution to unitholders increased 13.6% to S$125 million. Current assets grew to S$164.4 million, while liabilities decreased to S$221.6 million. The trust's net asset value per unit rose slightly to S$0.0225. The manager anticipates resilience amid macroeconomic uncertainties.
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