Frasers Centrepoint Trust - DBS Research 2024-04-26: Maintaining An A+ Scorecard

Frasers Centrepoint Trust - Maintaining An A+ Scorecard

Frasers Centrepoint Trust (SGX:J69U) | SGinvestors.ioFrasers Centrepoint Trust (SGX:J69U)
  • Frasers Centrepoint Trust (SGX:J69U) reported top-line 1H24 gross revenue of S$172.2m and NPI of S$124.6m. On a same-store basis, with the exclusion of contributions from Changi City Point and Tampines 1 (undergoing AEI), gross revenue and NPI would have been 2.9% and 2.1% higher y-o-y, respectively.
  • - Read this at -

Underlying trading metrics in line

  • Underlying trading metrics of Frasers Centrepoint Trust continue to perform in line with expectations, with an 8.1% y-o-y increase in shopper traffic to surpass pre-COVID levels for the first time in the CNY month of February (102% of 2019 levels).
  • - Read this at -
  • Occupancy maintained its upward momentum to reach the unseen levels of 99.9% (+0.7 ppt q-o-q and flat q-o-q).
  • Overall reversionary rents signed during 1H24 were above expectations at 7.5% (excluding Tampines 1; vs 1H23: +4.3%).

NEX continues to perform well

  •

Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @

Geraldine WONG DBS Group Research | Derek TAN DBS Research | 2024-04-26

Previous report by DBS:
2024-02-07 Frasers Centrepoint Trust - NEX Mall ~ The Newly Minted Titan In The Portfolio.

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


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁