On 21st April 2016, Frasers Commercial Trust announce its 2Q2016 financial results.
Distribution Per Unit (“DPU”) rises 2.9% to 2.45 cents as compared to 2.38 cents in the same quarter in 2015.
Higher Distribution Amount
The higher distribution amount was due higher rental rates and lower utilities expenses at Alexandra Technopark, contribution from 357 Collins street and lower repair and maintenance and painting expenses for Caroline Chisholm Centre.
|
2Q2016
(S$’000) |
2Q2015
(S$’000) |
YoY(%) |
| Gross Revenue |
38,994 |
34,814 |
12 |
| Net Property Income |
28,836 |
24,716 |
16.7 |
| Distributable Amount |
19,348 |
16,189 |
19.5 |
| Distribution Per Unit (“DPU”) (cents) |
2.45 |
2.38 |
2.9 |
Occupancy
Average occupancy stood at 92.6%.
Weighted Average Lease Expiry
The
Weighted Average Lease Expiry (“WALE”) stood at 3.3 years. There is
low lease expiries for FY16. The well spread lease expiry provide income stability.
Positive Rental Reversion
China Square Central achieved a positive rental ......
