FCT's net property income declines 8.4% YoY amidst asset changes

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pstrongWith lower NPI, FCT also recorded a decline in its DPU./strong/p pFrasers Centrepoint Trust’s (FCT) net property income and gross revenue fell in 1H24 amidst lower contributions from Changi City Point and Tampines 1.

Frasers Centrepoint Trust’s net property income and gross revenue fell in 1H24 amidst lower contributions from Changi City Point and Tampines 1.

Data from its latest financial report showed that FCT reported an 8.4% YoY lower NPI of $124.6m and gross revenue of $172.2m, representing a 7.2% dip from 1H23.

 

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