Frasers Centrepoint Trust - DBS Research 2023-01-27: Fortressing The Suburban King Title

Frasers Centrepoint Trust - Fortressing The Suburban King Title

Published:
FRASERS CENTREPOINT TRUST (SGX:J69U) | SGinvestors.ioFRASERS CENTREPOINT TRUST (SGX:J69U)
  • 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 4 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





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