Frasers Centrepoint Trust delivers 1.4% YoY growth in H1 DPU

Distribution to unitholders totalled $125m, up 13.6% YoY.

Frasers Centrepoint Asset Management (FCAM), manager of Frasers Centrepoint Trust (FCT), reported a distribution per unit (DPU) of $0.06136 for the first half ended 31 March 2026 (H1 FY26), up 1.4% from a year earlier.

The payout is scheduled for 29 May 2026.

“FCT’s portfolio has delivered a strong performance in H1 FY26, supported by the strength of our suburban retail portfolio,” said Richard Ng, CEO of FCAM. "Committed occupancy currently stands at 99.8%, whilst rental reversions and tenant sales remained healthy across our malls.”

Shopper traffic across the retail portfolio rose 1.8% YoY in the first half, whilst tenants’ sales increased 3.2% (YoY).

The trust signed more than 289,100 sq ft of new leases and renewals.

Average rental reversion for the portfolio was +6.5% on an average-to-average basis.

FCT added 48 tenants that were new to its portfolio, including several new-to-market brands, as part of ongoing tenant mix changes.

These include rumeL, Mi Bibimbap, Hoe Nam Vintage, Pull-Tab Coffee, Spicy Chef, and Teva.

Upcoming additions include Chin Mee Chin Confectionery, Setirom, 2nd Street, Tokyo 99, OMEGA Pork Noodle, and O.BBa BBQ.

Gross revenue increased 20.3% YoY to $221.9m, whilst net property income rose 20.2% to $160.8m.

The increase was mainly attributed to contributions from Northpoint City South Wing, acquired in May 2025, and higher rents across most malls.

This was partly offset by the divestment of Yishun 10 Retail Podium and asset enhancement works at Hougang Mall.

Distribution to unitholders totalled $125 m, up 13.6% YoY.