Frasers Commercial Trust's net property income up 6.1% to $24.3m in Q3
Thanks to Alexandra Technopark.
Frasers Commercial Trust reported that its net property income grew 6.1% year-on-year to $24.3m in the third quarter, backed by the strong performance of Alexandra Technopark.
The increase in NPI was mainly attributed to the better performances of Alexandra Technopark and 55 Market Street.
Gross revenue grew 17% to $34.7m. Singapore properties contributed to the higher revenue achieved, although higher expenses for China Square Central, mainly due to higher property tax, offset the higher revenue generated by China Square Central.