IMPROVED tenant collections and rising rental income lifted First Mutual Properties (FMP)’s net property income by 30 percent year-on-year during the first quarter ended March 31, 2026, despite headwinds in the property market. The property firm, a subsidiary of First Mutual Holdings, saw its net property income increasing to US$1,34 million from US$1,03 million in…
Improved collections drive FMP income
FMP reported that a blue-chip tenant occupied its new office block at Arundel Office Park during the quarter, reflecting continued demand for modern commercial space.