FRASERS Centrepoint Trust (FCT) on Friday morning reported an appropriation for each unit (DPU) of 2.815 Singapore pennies for the three months finished Sept 30 (Q4 2016), denoting a 1.5 for every penny tumble from a year ago's 2.859 pennies.
The trust, which oversees shopping centers, for example, Causeway Point, Northpoint and Changi City Point, saw appropriation to unitholders slip 1.2 for every penny to S$25.9 million in Q4 2016, down from S$26.2 million.
Net income for the quarter was 6 for each penny lower than the past year's, S$44.6 million versus S$47.5 million. While income commitment from Causeway Point (FCT's biggest shopping center) was up 3.2 for each penny in Q4 2016, Northpoint and Changi City Point contributed bring down incomes because of advantage improvement activity (AEI) works at Northpoint and opportunity from a changeover in a grapple occupant at Changi City Point.
Net property wage declined somewhat by 0.9 for each penny to S$31.4 million for the quarter.
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