Frasers Centrepoint Trust 2HFY23 - UOB Kay Hian 2023-11-01: Sharpening Focus On Dominant Suburban Malls 

• Frasers Centrepoint Trust achieved positive rental reversion of 4.7% in FY23 driven by Causeway Point (+5.4%), Waterway Point (+5.1%) and Northpoint City North Wing (+6.9%). Committed occupancy improved 2.2ppt y-o-y and 1.0ppt q-o-q to 99.7% in 4QFY23. Portfolio occupancy cost improved 0.6ppt to 15.6%.
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Frasers Centrepoint Trust (FCT)'s 2HFY23 Results

• Frasers Centrepoint Trust (SGX:J69U) reported 2HFY23 DPU of 6.02 cents (-1.2% y-o-y), which is in line with our expectation. See Frasers Centrepoint Trust's dividend dates.

Resiliency from focus on essential services at suburban malls.

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Optimising rents and occupancies across all suburban malls.

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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2024-10-28 Frasers Centrepoint Trust 2HFY24 - Generating Organic Growth Through AEIs.

Previous report by UOB:
2024-07-26 Frasers Centrepoint Trust - 3QFY24 Resilient Growth In Consumption At Suburban Malls.

Price targets by 2 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 Dividend Payout Dates & Corporate Actions,
Frasers Centrepoint Trust News