Frasers Commercial Trust sees 14.8% fall in revenue for 2018

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Frasers Commercial Trust has announced a distribution per unit (DPU) of 2.40 Singapore cents for its 4Q 2018, unchanged from what was reported in the corresponding period of the previous financial year.

On a full-year basis, the DPU was recorded at 9.60 cents for FY2018, which is 2.2% lower in comparison with the previous financial year.

The REIT’s gross revenue for 4Q 2018 came in SGD32.5 million (USD23.5 million), unchanged from the previous year, while net property income was recorded at SGD21.6 million, 6.1% higher than 3QFY18.

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