- Frasers Centrepoint Trust (SGX:J69U) continued to grow its retail portfolio occupancy in the quarter, improving 0.9 ppts q-o-q to 98.4%, with a pick-up in leasing activity and demand.
- Most portfolio malls boasted an increase in occupancy q-o-q in the range of 0.1 - 4.1 ppts, with a majority above the 99.0% occupancy mark.
- - Read this at SGinvestors.io -
- Occupancy at Century Square rose 1.9ppts to 88.7% and is undergoing lease negotiation for an anchor space (~8% of total mall NLA) which we believe is from the exit of a cinema operator.
Tenant sales reached a new high in Dec 2022
- Underlying metrices continue to deliver strongly, driven by a spectacular month for December. For the quarter, shopper traffic trended up in the range of 81% - 84% of normalised levels, while tenant sales reached a high of 118% of normalised levels in the month of December.
- - Read this at SGinvestors.io -
Capital Management remains prudent
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Geraldine WONG DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-01-27
Read also DBS's most recent report:
2024-10-28 Frasers Centrepoint Trust - 4 Reasons To Give 3 Cheers.
Previous report by DBS:
2024-04-26 Frasers Centrepoint Trust - Maintaining An A+ Scorecard.
Price targets by 5 other brokers at Frasers Centrepoint Trust Target Prices.
Listing of research reports at Frasers Centrepoint Trust Analyst Reports.
Relevant links:
Frasers Centrepoint Trust Share Price History,
Frasers Centrepoint Trust Announcements,
Frasers Centrepoint Trust Dividends & Corporate Actions,
Frasers Centrepoint Trust News Articles
