- 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 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/ 2024-10-28
Previous report by UOB:
2024-07-26 Frasers Centrepoint Trust - 3QFY24 Resilient Growth In Consumption At Suburban Malls.
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
