REIT Financial News - Q2 2010 Quarterly Earnings Report for FCOT

Second quarter 2010 results for Frasers Commercial Trust:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• Distribution Per Unit (“DPU”) for the quarter is 0.25 cents.
• Total DPU year-to-date for the last three quarters amounted to 0.81 cents, an increase of 21% compared to the same period last year. This translates to a distribution yield of 7.2% based on the last closing price of the Units of $0.15 on 27 July 2010 and the annualised DPU of 1.08
  cents. 
• There is no distribution payment this quarter as FCOT distributes semi-annually.
• Portfolio occupancy rate as at 30 June 2010 is 93.1%, up 0.7% from the previous quarter.
• Total distributable income was up by 123% year-on-year from S$5.6 million to S$12.4 million.
• Distributable income to Unitholders increased by 39% to S$7.7 million. 
• S$4.7 million is available for distribution to Series A Convertible Perpetual Preferred Units (“CPPU”) holders.

Author's Note
The DPU of 0.25 cents will be paid together with the DPU of the next quarter as FCOT has a semi-annual distribution policy.

The DPU was 0.32 cents for the previous quarter.