The Investment Moats analyses Frasers Commercial Trust leasing results over the past year.
FCOT is supporting their dividend per unit with the money that they get from the sale of the hotel rights to Frasers Property Limited, paying management fees in units, taking DRIPs.
The reason for doing this is because due to the construction next to China Square Central, occupancy is affected. This will be done in 2019. Another reason is major tenant at Alexandra Technopark HP Singapore and HP Enterprises have moved out.