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.
FTSE Russell adds Frasers Centrepoint Trust to STI constituents
FTSE Russell adds Frasers Centrepoint Trust to STI constituents
FCT will mark its STI entry on 18 March.
Frasers Centrepoint Trust raises $200m in private placement
The private placement was 2.5 times covered.
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.
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.
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