Frasers Centrepoint Trust (FCT) said that the income it will distribute to unitholders for Q4 remained flat at $12.8 million. Distribution per unit for the quarter ended September 30, 2009 fell slightly to 2.04 cents, from 2.05 cents a year ago.

Q4 2009 net property income increased 25 per cent year-on-year to $17.6 million, supported by topline growth and tight cost controls. And income available for distribution rose 23 per cent year-on-year to $12.2 million, but income distribution to unitholders remained stable year-on-year, as an additional $2.3 million of retained income was paid out in Q4 2008.

For the full year, distribution to unitholders rose 4 per cent to $46.9 million, from $45.2 million a year ago. DPU also rose slightly by 3 per cent to 7.51 cents, from 7.29 cents the previous year.