Frasers Centrepoint Trust Inclusion Set to Restore STI REIT Sector Weight to ~13%
The quarterly review of the Straits Times Index (STI) in March leads to the inclusion of Frasers Centrepoint Trust (FCT) in the index, effective as of March 18, 2024. The number of retail malls in the portfolio of Frasers Centrepoint Trust has tripled since it listed in July 2006 with an initial unit price of S$1.03. It's unit price ended 12 March at S$2.19, and according to Bloomberg it has paid more than S$1.80 per unit in distributions since IPO, bringing its annualised total return since listing to 10.3%.