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Frasers Centrepoint Trust Reports DPU of 12.227 Singapore Cents For FY2022

Frasers Centrepoint Trust Reports DPU of 12.227 Singapore Cents For FY2022

Oct 26, 2022 – Frasers Centrepoint Asset Management Ltd., the manager of Frasers Centrepoint Trust (FCT), reported a distribution per unit (DPU) of 6.0911 Singapore cents for the six-month period from April 1, 2022, to September 30, 2022. The total DPU for the year ended September 30, 2022, is 12.227 Singapore cents, up 1.2% year-on-year.

Amid rising interest rates, the manager expects the average cost of borrowing for FCT to rise above 3% in FY2023 from 2.5% currently. The manager has hedged 71% of its borrowing on fixed interest rates to mitigate the risk of interest rate rise, it said.