Frasers Centrepoint Trust - Phillip Securities 2025-01-24: Key Metrics Remain Healthy

• No financials were provided in Frasers Centrepoint Trust's 1QFY25 business update. Retail portfolio occupancy remained high at 99.5% (4Q24: 99.7%). 1QFY25 shopper traffic and tenants’ sales registered healthy y-o-y growth at +2.7% and +2.5%, respectively. Rental reversions remained strong, similar to FY24’s +7.7%.
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The Positives

Retail portfolio occupancy remained high at 99.5% (4QFY24: 99.7%).

• The slight dip in occupancy was attributed to Tiong Bahru Plaza (-1.2ppts q-o-q to 97.1%), which underwent a small-scale AEI, and Hougang Mall (-1.2ppts q-o-q to 98.1%) in preparation for its upcoming AEI.
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• With such high occupancy, Frasers Centrepoint Trust is well-positioned to negotiate higher rents.

Tenants’ sales and shopper traffic continued their growth trajectory.

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2024-10-28 Frasers Centrepoint Trust - Upside From Tampines 1 AEI Completion.

Price targets by 2 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