Frasers Cpt Tr's unit distribution increased by 1.4% to 6.136 cents in the first half of the year | Lianhe Zaobao

Frasers Centrepoint Trust declared a distribution per unit of 6.136 cents for the first half of the year, an increase of 1.4% year-on-year. For the half-year period ending March 31, net property income rose by 20.2% to SGD 160.76 million, while total revenue increased by 20.3% to SGD 221.87 million. The trust distributed a total of SGD 125.04 million to unitholders, a year-on-year increase of 13.6%. Leasing demand remained strong, with average rents increasing by 6.5%, and the overall committed occupancy rate reached 99.8%. The trust's manager expects the asset enhancement plan for the after-port area to be completed in September