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Frasers Centrepoint Trust declares 26.1% drop in 2H2020 DPU of 4.372 cents

Felicia Tan
Felicia Tan • 3 min read
Frasers Centrepoint Trust declares 26.1% drop in 2H2020 DPU of 4.372 cents
Unitholders can expect to receive their distributions on Dec 4.
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The manager of Frasers Centrepoint Trust (FCT) has reported distribution per unit (DPU) of 4.372 cents for the 2HFY2020 ended Sept 30, down 26.1% lower from the DPU of 5.913 cents the year before.

This brings the total DPU for FY2020 to 9.042 cents, down 25.1% y-o-y.

Gross revenue for the 2HFY2020 came in 33.8% lower y-o-y at $64.46 million mainly due to the rental rebates granted to tenants.

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