, Singapore

Frasers Commercial Trust NPI fell 15% to $24.9m in Q1

Mostly because of lower occupancy rates.

Frasers Commercial Trust reports that its net property income declined by 15% YoY in 1Q2018, falling from $29.2m to $24.9m.

NPI decreased because of lower occupancy rates, and a weaker exchange of Australian dollars, particularly in China Square Central, Alexandra Technopark, Central Park, Caroline Chisholm Centre, and 357 Collins Street.

Further, Frasers Commercial Trust’s distribution per unit (DPU) decreased by 4% YoY in 1Q2018, changing from $2.51 to $2.40 cents.

DPU fell down because of an increase in the number of issued units, while distributable income decreased.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.