Frasers Commercial Trust (SGX: ND8U), as the name might suggest, is a commercial REIT with six properties in Singapore, Australia and the UK. In Singapore, the REIT owns two properties — China Square Central and Alexandra Technopark. As of 31 December 2019, 56% of its assets, in terms of valuation, came from our city-state. Here, let’s look at three things to like about Frasers Commercial Trust. Strong Growth in Distributions Frasers Commercial Trust has grown its portfolio from just two properties valued at S$0.7 billion in March 2006 to six properties valued at S$2.2 billion at the end of September 2019. With that, distributable income, as well as distribution per unit (DPU), have increased. DPU is the cash investors ultimately receive by investing in a REIT, and it’s nice to see Frasers Commercial Trust delivering well on this front. Frasers Commercial Trust’s DPU has climbed from 5.60 Singapore cents in...