Fraser CentrePoint Trust just release their 2nd Quarter 2014 Report.
Yet another good performance by FCT.
Increasing quarterly DPU.
2QFY2014 announced a DPU of 2.88 cents, up by 7% from last year 2QFY2013.
DPU year-to-date totaled 5.38 cents compared to 5.1 cents for last year.
Ex - Date will be on 28th April 2014
Payment Date - 30th May 2014
Investors REJOICE! YAY!
Gearing level stood at 27.7%
(Total of S$589m; S$25m due by Feb2015, S$564m due > 1 year)
Weighted Average Debt Maturity at 31st March 2014 - 2.75 Years
All these debt are not inclusive of Changi City Point acquisition.
Net Asset Value increase to (S$1,466,633,000 / 825,400,343 shares) = $1.776
FCT's Portfolio occupancy rate at 96.8%
Bedok Point occupancy rate at 77.0%
Number of leases expiring in FY2014 - 89
[50% from CauseWay Point (43), 25% from NorthPoint (22)]
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