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Soft retail environment keeps Frasers Centrepoint Trust at 'hold' despite positive 4Q results

Samantha Chiew
Samantha Chiew • 3 min read
Soft retail environment keeps Frasers Centrepoint Trust at 'hold' despite positive 4Q results
SINGAPORE (Oct 26): The manager of Frasers Centrepoint Trust (FCT) announced its results Wednesday, with 4Q DPU increasing 5.5% to 2.97 cents, bringing FY17 DPU to 11.90 cents, 1.2% higher than FY16.
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SINGAPORE (Oct 26): The manager of Frasers Centrepoint Trust (FCT) announced its results Wednesday, with 4Q DPU increasing 5.5% to 2.97 cents, bringing FY17 DPU to 11.90 cents, 1.2% higher than FY16.

This is the trust’s 11th straight year of DPU growth and the highest DPU achieved since its listing in 2006.

Gross revenue for 4Q17 was also up 8.1% year-on-year to $48.2 million and net property income increased 10.0% to $34.6 million.

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