Frasers Commerical Trust Achieves All Time High DPU of 9.71% for FY15

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Frasers Commercial Trust announces its 4Q FY2015 results on 23rd October 2015. A distribution per unit (DPU) of 2.52 cents was announced for 4Q FY2015.

Strong performance of Alexandra Techno park bolstered FY15 results. Net Property Income (NPI) for Alexandra Techno park was up 61.1% in FY15. 

Portfolio

Frasers Commercial Trust portfolio consists of six properties. Singapore properties in terms of value makes up 62% and Australia properties make up the remaining 38%.

Singapore

  • 55 Market Street
  • China Square Central
  • Alexandra Technopark

Australia

  • 357 Collins Street
  • Caroline Chisholm Centre
  • Central Park

Frasers Commercial Trust FY15 Portfolio

Distribution Per Unit

Frasers Commerical Trust has a good track record of increasing DPU over 5 years. Frasers Commercial Trust achieve an all time high Distribution Per Unit (DPU) of 9.71% for FY15.

Frasers Commerical Trust FY15 DPU

Debt

Frasers Commercial Trust has 81% of its debt hedged and 19% floating. This means that an interest rate hike will have some but minor impact on Frasers Commercial Trust.

Frasers Commercial Trust Hedged Debt

Lease Expiry Profile

Well spread lease expiry provides income stability.Frasers Commercial Trust Lease Expiry

Frasers Commercial Trust achieves positive rental reversions for its Singapore properties. However, Central Park rental reversion is negative.

Frasers Commercial Trust Rental Reversions

More than 53% of leases have built-in step-up rents.

Frasers Commercial Trust Step Up Rental FY2015

 

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