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Frasers Centrepoint Trust reports 33.7% higher DPU of 12.085 cents for FY21

Felicia Tan
Felicia Tan • 3 min read
Frasers Centrepoint Trust reports 33.7% higher DPU of 12.085 cents for FY21
The CEO of the manager has highlighted omnichannel retailing "as a viable way to help cushion the impact on our tenants".
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Frasers Centrepoint Trust (FCT) has reported distribution per unit (DPU) of 6.089 cents for the 2HFY2021 ended September, representing a 39.3% y-o-y increase from the DPU of 4.372 cents in the 2HFY2020.

Gross revenue for the 2HFY2021 surged 159.9% y-o-y to $167.53 million, while net property income (NPI) nearly quadrupled (or was up 213.2% y-o-y) to $120.91 million.

On a h-o-h basis, gross revenue fell 3.5% mainly due to the rental rebates assistance and loss of gross revenue from the divested properties.

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