Gross revenue was 6.3% higher at $48.6 million compared to $45.7 million a year ago, mainly driven by a 31.7% y-o-y revenue increase from Northpoint City North Wing as its occupancy improved significantly after the completion of the asset enhancement initiative (AEI) works.
SINGAPORE (Apr 25): The manager of Frasers Centrepoint Trust’s (FCT) has declared a 2Q18 DPU of 3.10 cents, 2% higher compared to 2Q17 DPU of 3.04 cents.
This came on the back of a 2.5% increase in distribution to unitholders to $28.7 million, from $28.0 million last year.
