{
  "id": 15990396,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T02:20:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/frasers-centrepoint-trust-posts-2-6-higher-second-half-dpu-to-hit-new-full-year-record-payout"
  },
  "original_language": "en",
  "account": "Singapore-based Frasers Centrepoint Trust (FCT) reported a 2.6% increase in its distribution per unit (DPU) for the second half of FY2026, reaching $0.06214 on Oct 22. This surpassed the prior half-year figure of $0.06059 and contributed to a new full-year record payout of $0.1235. H2 distributable income rose 3.3% to $127.2 million, while revenue grew 8.7% to $223 million. Net property income increased 11.5% to $160.9 million for the half-year period. For the full year, distributable income climbed 8.2% to $252.2 million, revenue surged 14.2% to $444.9 million, and net property income expanded 15.7% to $321.7 million. CEO Richard Ng attributed the strong performance to robust operating metrics, capital recycling strategies, and asset enhancement initiatives. The trust also divested White Sands for $467 million, providing additional debt headroom for reinvestment in the Bayshore Drive site. FCT's leverage decreased to 38.7% as of Sept 30, with gearing expected to reach 36.8% after repaying borrowings from White Sands divestiture. Group short-term borrowings fell to $111 million, and the average borrowing cost was 3.2%, down from 3.8% in FY2025. The trust anticipates Singapore's suburban retail market to remain resilient, with committed occupancy at 99.7% and rental reversions averaging 6.6% for FY2026.",
  "summary": "This brought full-year DPU to $0.1235, a record high.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "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",
        "published": "2026-10-22T00:17:33.000Z"
      }
    ]
  },
  "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."
}