The absence of contributions from Northpoint was mitigated in part by higher contributions from other properties in the portfolio, namely Causeway Point and Changi City Point.
SINGAPORE (April 25): The manager of Frasers Centrepoint Trust (FCT) has declared a 2Q17 distribution per unit (DPU) of 3.04 cents, unchanged from a year ago.
Gross revenue for the quarter declined 2.9% on-year to $45.7 million $47.1 million in the previous year due to lower contributions from Northpoint mall, which is presently undergoing asset enhancement initiative (AEI) works.
