Frasers Centrepoint Asset Management, the manager of Frasers Centrepoint Trust (FCT), on Wednesday reported the distributable income for third quarter 2008 ended June 30, 2008 rose 19 per cent from a year ago to $12.2 million (US$9.02 million).
This translated to a distribution per unit of 1.88 Singapore cents versus 1.67 cents a year ago.
Third quarter gross revenue grew 10 per cent to $20.8 million while net property income increased 12 per cent to $14.1 million.
The strong growth in gross revenue was driven by strong rental renewals at Causeway Point, improved portfolio occupancy and Anchorpoint’s strong performance post its enhancement.
No comments:
Post a Comment