- Frasers Centrepoint Trust reported 2HFY24 DPU of S$6.02 cents, flat h-o-h and y-o-y. Robust operating performance was underpinned by high committed occupancy and high single digit positive reversion. Financial metrics and asset values were stable.
- - Read this at SGinvestors.io -
Robust operating performance
- - Read this at SGinvestors.io -
- Growth was underpinned by high occupancy, positive reversion, higher turnover rent and higher utilization of ancillary space. Retail portfolio occupancy was sequentially unchanged at 99.7%.
- Rent reversion for the full year came in at +7.7% (1H +7.5%, +4.7% in FY23). Tenant sales growth was 0.6% y-o-y for 4QFY24, further moderating from 0.7% growth in 3Q and +4.3% in 2Q.
Stable financial metrics
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Krishna Guha Maybank Research | https://www.maybank.com/ 2024-10-27
Previous report by Maybank:
2024-07-26 Frasers Centrepoint Trust - High Portfolio Occupancy But Tenant Sales Flat-lining.
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
