Frasers Commercial Trust announces it results for first quarter 2016 on 20th January 2016. A
higher Distribution Per Unit (DPU) of 2.51 cents was announced which is 2% increase as compared to 2.46 cents in Q1FY15. The results are attributed to higher contribution from Alexandra Technopark and first full quarter contribution from 357 Collins Street but was offset by weaker Australia dollar and lower occupancy in Central Park.
1 October 2015 to 31 December 2015 (“1Q2016”) vs 1 October 2014 to 31 December 2014 (“1Q2015”)
|
1Q2016
(S$’000) |
1Q2015
(S$ ‘000) |
YoY(%) |
| Gross Revenue |
39,623 |
35,459 |
12.0 |
| Net Property Income |
29,378 |
25,444 |
15.0 |
| Distributable Amount |
19,702 |
16,712 |
18.0 |
| Distribution Per Unit (“DPU”) (cents) |
2.51 |
2.46 |
2.0 |
| Annualised DPU (cents) |
9.96 |
9.76 |
2.0 |
Portfolio
Frasers Commercial Trust portfolio consists of six properties. Singapore properties in terms of value makes up 62% and Australia ......
