Frasers Centrepoint Trust

Frasers Centrepoint Trust posts DPU of 1.95 cents for Q3

Frasers Centrepoint Trust (FCT) has posted a Distribution Per Unit (DPU) of 1.95 cents for the third quarter. This represents a fall of 5.8 per cent compared to the same period a year ago. The trust posted gross revenue of S$27.3 million and net property income of S$18.7 million, which represents year-on-year decreases of 11.1 per cent and 13.4 per cent respectively. FCT said that this was mainly due to...

Frasers Centrepoint Trust’s Q1 DPU up 25 per cent

Frasers Centrepoint Trust (FCT) has announced a distribution per unit (DPU) of 1.95 cents for its first quarter of financial year 2011 which ended on December 31 last year. Distributable income for the quarter grew by 25 per cent on-year to hit S$15.01 million. As for net property income, it increased 16.8 per cent on-year to S$18.6 million. Gross revenue rose 18.5 per cent on-year to reach S$27.6...

Frasers Centrepoint Trust may acquire Bedok Point

Frasers Centrepoint Trust (FCT), a wholly-owned unit of Fraser and Neave Group, will acquire Bedok Point Mall from its parent company by Q2 next year, said Chew Tuan Chiong, chief executive of FCT. In January, FCT paid Frasers Centrepoint approximately $290 million for two malls, the YewTee Point at Choa Chu Kang and an extension to Northpoint at Yishun through the issuance of new units and taking on more...

Frasers Centrepoint Trust announces full-year DPU of 8.2 cents

Frasers Centrepoint Trust (FCT) has announced its full-year distribution per unit (DPU) of 8.2 cents. That's 9.2 per cent higher than the DPU of 7.51 cents achieved in the previous financial year. Distributable income for the year ended September 30 rose 26.1 per cent to S$59.1 million. Net property income jumped 33.7 per cent to S$80 million. FCT said the increase in revenue was boosted by the...

Frasers Centrepoint Trust (FCT) to distribute 2.07 cents in Q3

Frasers Centrepoint Trust (FCT) has announced a third quarter distribution per unit of 2.07 cents. That's 6.7 per cent higher than the DPU of 1.94 cents achieved in the same quarter last year. Distributable income over the period rose 34.6 per cent to S$16.3 million while net property income jumped 46.3 per cent to S$21.5 million. FCT said the increase in revenue was helped by contributions from its...

S$38.6m revamp of Northpoint completed amid bright outlook for suburban malls

Frasers Centrepoint Trust is optimistic about the outlook for suburban malls in Singapore. It's just completed a major revamp of the Northpoint shopping centre in Yishun. Costing almost S$40 million, the renovations are part of Frasers Centrepoint Trust's plans to rejuvenate all its malls. More shops targeting youths and family attractions are part of the new tenant mix at Northpoint. This includes 20...

Frasers Centrepoint Trust to raise up to S$182.2m in private placement

Mainboard-listed Frasers Centrepoint Trust (FCT) plans to raise up to S$182.2 million in a private placement. It said on Tuesday that it will launch a placement of 137 million new units at an issue price between S$1.29 and S$1.33 per new unit. This means it would raise gross proceeds of between S$176.7 million and S$182.2 million. The issue price of the new units represents a discount of between 3.7 per...

Frasers Centrepoint Trust to buy 2 malls in S’pore for over S$290m

Mainboard-listed Frasers Centrepoint Trust (FCT) plans to acquire two shopping malls in Singapore for S$290.2 million. It will buy Northpoint 2 and YewTee Point from Yishun Development, a wholly-owned subsidiary of its parent, Fraser and Neave. FCT is proposing an equity fund raising of up to 152 million new units to partly finance the acquisitions, with the balance to be funded by borrowings. The...

Some S’pore-listed REITS maintained or raised payouts

DESPITE the economic recession weighing on the property market, some Singapore-listed real estate investment trusts (Reit) that posted their results yesterday maintained or raised their payouts for the quarter ended June compared to a year ago. CapitaRetail China Trust Distribution per unit (DPU) in the second quarter rose 14.1 per cent from a year earlier to 1.94 cents. Distributable income was $12...

Frasers Centrepoint’s full-year DPU up 11.3% for 2008 at 7.29 cents

Frasers Centrepoint Trust's full-year distribution per unit (DPU) rose 11.3 per cent on year for 2008, from 6.55 cents to 7.29 cents. Quarter-on-quarter, its DPU climbed 22.8 per cent to 2.05 cents. The mainboard-listed retail REIT's gross revenue for the year was up 9.2 per cent compared to last year, at S$84.7 million. Frasers said its gross revenue and net property income growth was driven by strong...

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