Frasers Centrepoint Trust 2HFY24 - UOB Kay Hian 2024-10-28: Generating Organic Growth Through AEIs

• Frasers Centrepoint Trust reported 2HFY24 DPU of 6.02 cents, which is flat y-o-y and in line with our expectation.

Generating organic growth.

• - Read this at SGinvestors.io -
• Organic growth was achieved through higher rents from renewed and new leases, higher turnover rent and higher income from atrium leasing and car parks.
• Distributions from investments grew 34.5% y-o-y in 2HFY24 to due to the full six-month contribution from the additional 24.5% interest in NEX (acquisition completed on 26 Mar 24).

Broad-based positive rental reversion across all suburban malls.

• - Read this at SGinvestors.io -
• Committed portfolio occupancy for retail malls was unchanged at 99.7% in 4QFY24. Causeway Point and Northpoint City North Wing maintained high occupancies of 99.8% and 100.0% respectively.

Healthy occupancy cost.

• Read more at SGinvestors.io.

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/.

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

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 Dividend Payout Dates & Corporate Actions,
Frasers Centrepoint Trust News