I currently held 1% of Frasers Commercial Trust in my stock portfolio. I have always wanted to increase my stake in Frasers Commercial Trust and thus here I am monitoring its results closely. Frasers Commercial Trust announced their 3Q2019 financial results on 22nd July 2019.
The distribution per unit (“DPU”) has remained largely unchanged over the past quarters, in fact I noticed they have been maintaining the same distribution over a year or more. That is actually good news for investors but a little growth might even be better.
3QFY19 Financial Results 3Q2019(S$’000) 3Q2018
(S$’000) Change Gross Revenue 30,215 32,494 (7.0%) Net Property Income 19,753 20,371 (3.0)% Distributable Income 21,779 21,248 2.5% Distribution Per Unit (“DPU”) (cents) 2.40 2.40 0%
Gross revenue for 3Q2019 fell by 7% as compared to 3Q2018. This was due to the weaker Australian dollar. If you remember, Frasers Commercial Trust has the following Australian
...