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

• 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 an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-04-30 Frasers Centrepoint Trust - Steady Performance, Growing Distribution.

Previous report by Maybank:
2025-01-24 Frasers Centrepoint Trust - Steady Fundamentals With Nearly Full Malls, Continued AEI.

Price targets by 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