- 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%.
- - Read this at SGinvestors.io -
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.
- - Read this at SGinvestors.io -
Optimising rents and occupancies across all suburban malls.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-11-01
Read also UOB's most recent report:
2024-04-26 Frasers Centrepoint Trust - 1HFY24 resilient Growth In Consumption At Suburban Malls.
Previous report by UOB:
2024-02-06 Frasers Centrepoint Trust - Pivoting Towards Dominant Suburban Malls.
Price targets by 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
