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FINWIRES

Frasers Centrepoint Trust Frasers Centrepoint Trust's DPU Up 1.4% in Fiscal H1

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-- Frasers Centrepoint Trust's (SGX:J69U) distribution per unit or DPU rose 1.4% during the fiscal first half ended March 31 to SG$0.06136 from SG$0.06054 a year earlier, according to a Friday filing with the Singapore Exchange.

Distribution to unitholders was up 14% to SG$125.0 million from SG$110.1 million.

Net property income jumped 20% to SG$160.8 million compared with SG$133.7 million in the year-ago period.

Gross revenue surged 20% year over year to SG$221.9 million from SG$184.4 million, backed by committed occupancy of 99.8%.

Analysts quoted by Visible Alpha had projected a revenue of SG$219 million for the period.

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