FCT’s H1 2025 NPI up 7.3% YoY

DPU rose 4.9% YoY.

Frasers Centrepoint Trust reported a 7.3% year-on-year (YoY) increase in net property income (NPI) to $133.7m in H1 2025 from $125m in H1 2024.

Distribution per unit (DPU)for the period stood at $0.06054, up 4.9% YoY, to be paid on 20 May.

Gross revenue rose 7.1% YoY to $184.4m. The growth in this period was attributed to higher rental income from renewed and new leases signed.

FCT’s retail portfolio registered a committed occupancy of 99.5%, unchanged from the previous quarter.

“FCT’s portfolio has delivered robust results for 1H25 with strong performance on both operational and financial fronts. Our operating indicators are healthy with good momentum on rental reversions achieved, encouraging tenants’ sales and stable occupancy across all our malls,” Richard Ng, CEO of the manager said.

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