FCT maintains occupancy rate of 97.2% for Q1

Thanks to the healthy demand in retail spaces with the malls. 

Frasers Centerpoint Trust (FCT) saw a stable occupancy rate at 97.2% for the first quarter of 2022.

The group attributed this performance to a healthy demand for retail spaces within the malls owned by FCT.

Other figures reported include good leasing traction over the same period with 22.8% gross rental income to be renewed over the financial year 2022 and the recovery of shopper traffic due to an easing of restrictions. 

Tenant sales were close to the pre-COVID levels in October and November 2021. It finally exceeded said levels in December 2021.

The gearing level was at 34.5%, signifying a strong financial position with debt headroom. 

38% of expiring leases were also committed by the end of first quarter, resulting in an improvement to weighted average lease expiry.

Aside from figures reported in their highlights, a five-star rating was also awarded to FCT for its GRESB 2021 assessment, whilst the group also established its Sustainable Finance Framework on 17 December 2021. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Lorem Ipsum Singapore Business Review
The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.
Agribusiness
Lorem Ipsum 2
Contrary to popular belief, Lorem Ipsum is not simply random text.