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.
Frasers Centrepoint Trust completes $338m divestment of Changi City Point
The net proceeds from the divestment is $329.7m.
Frasers Centrepoint Trust completes $338m divestment of Changi City Point
The net proceeds from the divestment is $329.7m.
Frasers Centrepoint Trust receives 3.6 million units in performance fees
Every unit in FCT is issued at a price of $2.1903.
FCT's net property income rises 1.1% YoY to $129.6m in 2H23
Despite the increase, it reported a 1.2% YoY lower DPU of $0.06020.
Frasers Centrepoint Trust sells 143.89 million shares in Hektar REIT for $37.4m
Following completion, FCT will only hold 2.12% of total units in the REIT.
Keppel REIT bumps off Olam Group in STI reserve list
STI constituents, on the other hand, were unchanged.
Frasers Centrepoint Trust divests Changi City Point for $338m
The REIT will use the net proceeds from the divestment to repay loans.
Frasers Centrepoint Trust’s retail portfolio occupancy rises to 98.7% in 3Q23
Compared to 3Q22, the REIT’s occupancy was up by 1.6 percentage points.
Frasers Centrepoint Trust bags $419m green loan, carbon credits from OCBC
The loan will be used to accelerate Tampines 1’s journey to carbon neutrality amongst others.
FCT’s net property income rises 5.7% YoY to $137.96m in 1H23
Despite the increase, it recorded a 0.1% YoY lower DPU of $0.06130.
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.
Read Here
Advertise
Sign Up
