{
  "id": 15980985,
  "title": "FCT posts 2.6% higher H2 DPU to hit new full-year record payout",
  "url": "https://urgent.news/2026/10/22/fct-posts-2-6-higher-h2-dpu-to-hit-new-full-year-record-payout",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T00:17:33.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/property/fct-posts-2-6-higher-h2-dpu-hit-new-full-year-record-payout"
  },
  "original_language": "en",
  "account": "FCT, the operator of Singapore's shopping malls, reported a 2.6% increase in its half-year distribution per unit (DPU) to S$0.06214, surpassing the previous record high. The DPU for the full year reached S$0.1235, marking a new peak. Distributable income for the second half of the year rose 3.3% to S$127.2 million, up from S$123.1 million in the same period last year. Revenue for H2 grew 8.7% to S$223 million, compared with S$205.2 million in the prior half. Net property income for H2 increased 11.5% to S$160.9 million, from S$144.3 million in the previous year's second half. FCT's full-year distributable income grew 8.2% year on year to S$252.2 million, revenue climbed 14.2% to S$444.9 million, and net property income expanded 15.7% to S$321.7 million. The trust's improvements were attributed to the acquisition of Northpoint City South Wing and higher passing rents throughout its malls. CEO Richard Ng highlighted the trust's strong operating metrics, capital recycling strategy, and asset enhancement initiatives as key drivers. The company also announced the repackaging of the Bayshore Drive site for future development. FCT's leverage decreased to 38.7% at end-September from 40.4% in June, while gearing stood at 36.8% post-divestment. Group short-term borrowings fell to S$111 million. The manager anticipates Singapore's suburban retail market to remain resilient, with positive demand and supply dynamics supporting organic DPU growth through rental reversion and high occupancy. FCT's H2 distribution is scheduled for November 27.",
  "summary": "Revenue is up 8.7% at S$223 million for the half-year, from S$205.2 million before",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Frasers Centrepoint Trust posts 2.6% higher second-half DPU to hit new full-year record payout",
        "url": "https://urgent.news/2026/10/22/frasers-centrepoint-trust-posts-2-6-higher-second-half-dpu-to-hit-new",
        "published": "2026-10-22T02:20:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}