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.

FCT's net property income declines 8.4% YoY amidst asset changes

With lower NPI, FCT also recorded a decline in its DPU.

FCT acquires full stake in NEX Partners Trust

The acquisition was proposed on 25 January 2024.

FCT signs $155m credit pact with OCBC

HSBC will be the trustee of FCT under the facility agreement.

FCT to acquire an additional 24.5% stake in NEX for $523.1m

The acquisition will raise FCT’s effective interest in NEX to 50%.

FCT’s retail portfolio occupancy reaches 99.9% in 1Q24

The latest figure is 1.5%-pt higher than the 1Q23 record.

Singapore’s largest S-REITS averaged 5.6% dividend yield in 2023: SGX

FLCT maintains the highest indicative yield, whilst CICT has the highest market value.

FCT divests stake in Hektar REIT for $36.7m

The company divested over 140 million units in the REIT.

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.