FrasersCT Q1 2011 Quarterly Earnings Report

FrasersCT Q1 2011 Quarterly Earnings Report:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU of 2.07 cents for the reporting quarter.
• 2Q11 gross revenue rose 2% y-on-y to $28.8 million, bolstered by higher revenue contributions from Northpoint and YewTee Point. 2Q11 net property income dipped slightly to $20.1 million, as Causeway Point income was affected by on-going refurbishment works.
• Portfolio occupancy declined to 83% as at 31 March 2011, pulled down by lower occupancy at Causeway Point. The other malls in the portfolio continue to maintain close to full occupancy.
• The Books will close from 5pm on 3 May 2011 for the purpose of determining Unitholders’ entitlement to the distribution. 
• The distribution will be paid on 30 May 2011.
• NAV per unit of $1.28 as at 31 Mar 2011.
• Gearing of 31.2% as at 31 Mar 2011.

Author's Note
The DPU for the reporting quarter is 2.07 cents and will be paid on 30 May 2011. Books closure is on 3 May 2011.

The DPU was 1.95 cents in the previous quarter.

Related Posts

• Results Release 
• DPU Information Page 
• FCT Q3 2010 Quarterly Earnings Report 
• FrasersCT Q4 2010 Quarterly Earnings Report