Frasers Commercial Trust Declares Stable DPU of 2.40 cents for 4QFY18

Frasers Commercial Trust has announced their 4QFY18 financial results on Friday, 19th October 2018. As mentioned in my previous post (My Personal Analysis of Frasers Commercial Trust), Frasers Commercial Trust has managed to pay out 2.40 cents for 1QFY18, 2QFY18 and 3QFY18 respectively. If they payout 2.40 cents for 4QFY18, this will amount to a total of 9.6 cents in FY18 versus 9.82 cents in FY17 which is a merely 2.24% drop in annual DPU. Yes, as per predicted, they have declared a distribution per unit of 2.40 cents for 4QFY18.

Debt

The proceeds from the divestment of 55 Market Street were utilised to repay S$197 million of borrowings in September 2018, which significantly reduced aggregate leverage to 28.3% as at 30 September 2018, from 35.4% as at 30 June 2018. Read More