Frasers Centrepoint Trust’s H2 DPU rises 0.6% to S$0.06059
[SINGAPORE] Distribution per unit (DPU) for Frasers Centrepoint Trust (FCT) for its second half ended September 2025 came in at S$0.06059, up 0.6 per cent from S$0.0602 a year earlier.
Revenue was up 14.3 per cent at S$205.2 million from S$179.5 million in H2 FY2024, and net property income (NPI) rose 12 per cent to S$144.3 million from S$128.8 million.
On Thursday (Oct 23), FCT’s manager attributed the higher contributions to its acquisition of Northpoint City South Wing in May 2025, as well as contributions from Tampines 1, which completed asset enhancement initiatives in August 2024. There was also broad-based improved performance in revenue and NPI across the portfolio, noted the manager.
Distributions to unitholders grew 12.5 per cent to S$123.1 million, from S$109.4 million in H2 FY2024.
For the full year, FCT’s DPU stood at S$0.12113, up 0.6 per cent from its FY2024 DPU of S$0.12042.
Revenue was 10.8 per cent higher at S$389.6 million, and NPI rose 9.7 per cent to S$278 million.
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Its aggregate leverage was at 39.6 per cent as at Sep 30, 2025, compared with 42.8 per cent as at Jun 30, 2025. The average cost of borrowing in for Q4 declined to 3.5 per cent from the peak of 4.0 per cent in Q1, with the full year cost of borrowing at 3.8 per cent. Interest coverage ratio as at Sep 30, 2025 also improved to 3.46 times, from 3.39 times as at Jun 30, 2025.
Richard Ng, chief executive officer of the manager, said that FCT’s strong results reflected the resilience of the manager’s suburban retail portfolio and success of its asset management strategies.
“Looking ahead, we see further opportunities to enhance our assets through other asset enhancement and portfolio initiatives,” said Ng.
Units of the Reit closed on Wednesday S$0.01 or 0.4 per cent down at S$2.44.
