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FCT's net property income rises 1.1% YoY to $129.6m in 2H23

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pstrongDespite the increase, it reported a 1.2% YoY lower DPU of $0.06020./strong/p pFrasers Centrepoint Trust posted a net property income (NPI) of $129.6m in the second half of financial year 2023 (2H23), translating to a 1.1% increase from 2H22./p pThe company also posted a 1.8% YoY higher gross revenue of $184.1m in 2H23.

Frasers Centrepoint Trust posted a net property income of $129.6m in the second half of financial year 2023 , translating to a 1.1% increase from 2H22.For the full financial year 2023 , FCT's gross revenue hit $369.7m, or 3.6% higher than FY22's record.

Its revenue growth, however, was partially offset by lower rental contributions from Tampines 1 due to the ongoing Asset Enhancement Initiative . In 2H23, distribution to unitholders fell 0.7% YoY to $103.1m, whilst DPU dropped 1.2% YoY to $0.06020.

Source: News Formal (newsformal.com)

 

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