3Q16 Results HighlightsThe main theme is North Point on-going AEI. Not to be mistaken by the picture, 3/4 on the right is the up coming malls below North Park Residence ( Integrated Condo ) which will be attached to North Point of FCT. The whole area will be the future north star of Singapore with integrated facilities such as library, community centre, mrt, bus interchange ground, garden, condo with lots of pools, Cinema, Food courts, malls and more malls. Hospital and schools nearby and a bridge connected to the hinterland.
Financial performance
• 3Q16 DPU of 3.04 cents, up 0.1% year-on-year (3Q15 DPU: 3.036 cents)
Some pressure to maintain the continue DPU growth or same (0.1% up) especially from the statement that 3Q16 distribution to unitholders includes $2.1m from cash retained in the previous quarters. It would have been negative per the Net ......