Amid indications that the REIT may lose two major tenants at Alexandra Technopark, Frasers Commercial Trust has reported its set of results for the final quarter, and full financial year of 2017.
The office REIT announced a distribution per unit (DPU) of 2.41 Singapore cents for its 4Q 2017 on 20 October, a year-on-year decrease of 1.6% over the 2.45 cents recorded in the corresponding period of 2016.
However the number of units used to calculate the amount available for DPU for 4Q 2017 was 805.8 million, while the number of units for 4Q 2016 was 794.3 million.
The distribution of 2.41 cents per unit for 4Q 2017 will be paid out on 29 November 2017, with the distribution books closure date scheduled for 31 October 2017.
The REIT’s net property income (NPI) for 4Q 2017 fell by 7.7% year-on-year to SGD26.9 million, while gross revenue decreased by 2.6% to SGD38.3 million.
However for the financial year ended 30 September 2017, the REIT’s distributable income of SGD78.6 million was 1.3% above that of FY 2016 while DPU of 9.82 cents for FY 2017 is unchanged from that of FY16.