Frasers Centrepoint Trust reports rental uptick but not immune from higher costs

An analyst said it keeps its neutral call on the stock.

Despite the resilient mall portfolio, Frasers Centrepoint Trust (FCT) will still face headwinds such as inflationary pressures and rising interest rates.

RHB said this amidst higher financing costs and lower margins which will offset FCT's higher occupancy rate and rental uptick.

The analyst said the portfolio occupancy went up to 97.5% with its three large dominant malls registering such as Causeway Point, North Point City North Wing, and Waterway Point.

Rent reversion saw a turnaround with 1.5% in fiscal year 2022 on an incoming vs outgoing basis as underlying tenant sales across its malls rose 10% above pre-pandemic levels.

It keeps a neutral call on FCT’s stock, with a lower target price of $2.09 from $2.45.

Follow the link for more news on

Frasers Centrepoint Trust

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia