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
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.
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.
Lease Expiry Profile
Well spread lease expiry provides income stability.
Frasers Commercial Trust achieves positive rental reversions for its Singapore properties. However, Central Park rental reversion is negative.
More than 53% of leases have built-in step-up rents.
