I was very much surprised Frasers Commercial Trust was being able to maintain its distribution per unit of 9.82 cents in FY 2017. Based on the current price of S$1.42, the dividend yield is 6.92% which I consider very much attractive compared to other REITs at the moment.
I looked at Frasers Commercial Trust almost one year ago (
Frasers Commercial Trust Long Term Play in Office Rental ). It is time for me to take a look at the recent developments, especially news on HP (“Hewlett-Packard”) on whether they are moving out of Alexandra Technopark.
First, here are the full year financial results for FY17. Given the current development works at China Square, I am not expecting revenue to increase at this moment due to the missing occupancy. I will consider the following results pretty resilient, at least for me.
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FY2017
(S$’000) |
FY2016
(S$’000) |
Change |
| Gross ... |
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