- The quarter’s business update demonstrates continued outperformance of Frasers Centrepoint Trust’s quality portfolio versus the sub-sector.
- Frasers Centrepoint Trust's malls are almost fully-let anchored by prime suburban malls. Portfolio tenant sales are growing a clip faster than the system.
- - Read this at SGinvestors.io -
Occupancy holding up
- Portfolio occupancy was 99.5% vs 99.7% a quarter ago. Frasers Centrepoint Trust's flagship malls – NEX, Causeway Point, Northpoint City North Wing and Waterway Point – are fully occupied while smaller malls experienced transitional vacancies due to asset enhancement or tenant repositioning.
- - Read this at SGinvestors.io -
- Frasers Centrepoint Trust's management indicated rent reversion is tracking in line with last fiscal year (+7.7%).
Prudent capital management, AEIs tracking well
- 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.maybanktrade.com.sg/ 2025-01-24
Previous report by Maybank:
2024-10-27 Frasers Centrepoint Trust - Resilient Performance; Stabilizing Distribution.
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 Dividend Payout Dates & Corporate Actions,
Frasers Centrepoint Trust News
