However, the manager says higher revenue from Causeway Point as well as additional contribution from Yishun 10 Retail Podium has helped to mitigate the revenue decline.
SINGAPORE (July 24): The manager of Frasers Centrepoint Trust (FCT) has declared a distribution per unit (DPU) of 3 cents for the third quarter ended June, 1.3% down from the 3.04 cents DPU reported in the same period a year ago on lower revenue.
Revenue for 3Q17 was $43.6 million, down 3.3% y-o-y from the $45 million registered a year ago due to the trust’s ongoing asset enhancement initiative (AEI) works at Northpoint, which resulted in a loss of revenue from planned vacancies for the property.
