Frasers Centrepoint Trust
Frasers Centrepoint Trust is a developer-sponsored retail real estate investment trust (“REIT”) whose portfolio comprises nine suburban retail malls and one office building, all located in Singapore.
See below for the Latest Frasers Centrepoint Trust News, Analysis, Profit Results, Share Price Information, and Commentary.
Analyst remains neutral on S-Reits amidst global financial situation
Analyst remains neutral on S-Reits amidst global financial situation
There may be tighter financial conditions in the US due to interbank rates.
FCT's retail portfolio committed occupancy rises to 98.4% in Q123
The REIT attributed the increase to healthy leasing demand.
Frasers Property, FCT acquire 50.0% stake in NEX for $652.5m
NEX is the largest suburban retail mall in Northeast Singapore.
Frasers Centrepoint Trust reports rental uptick but not immune from higher costs
An analyst said it keeps its neutral call on the stock.
Frasers Centrepoint Trust reports DPU of 6.0911 cents for H2
Net income rose to $128.12m during the second half of its fiscal year.
Frasers Centrepoint, HSBC enter new PMAs with ARF malls, Central Plaza
The new property management agreement will start 30 September 2022.
FCT to acquire 10% additional stake at Waterway Point for $73.6m
Post-acquisition, FCT will own 50% of the retail mall.
Frasers Centrepoint Trust's tenant sales jump 23% YoY
Amongst Frasers' assets, Tampines 1 and Waterway Point had the highest sales growth.
Post-COVID property demand to buoy REITs earnings rebound
CICT, Frasers, and Mapletree Commercial Trust are best positioned to reap the benefits.
Frasers Centrepoint Trust net income rises 3.8% to $130.48m
The increase drove the company's distributable income higher in 1H2022.
FCT maintains occupancy rate of 97.2% for Q1
Thanks to the healthy demand in retail spaces with the malls.
Frasers Centrepoint Trust’s DPU jumps by 39.3% in H2
The DPU grew to 6.089 Singapore cents from 4.372 in H2 2020.
Frasers Centrepoint Trust portfolio occupancy at 96.4% in Q3
The Singapore-focused mall operator sees its suburban properties recovering faster than its counterparts.
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