Frasers Centrepoint Trust - Maybank Research 2024-10-27: Resilient Performance; Stabilizing Distribution

Frasers Centrepoint Trust - Resilient Performance; Stabilizing Distribution

Published:
Frasers Centrepoint Trust (SGX:J69U) | SGinvestors.io
  • 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





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