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

Frasers Centrepoint Trust - Key Metrics Remain Healthy

Published:
Frasers Centrepoint Trust (SGX:J69U) | SGinvestors.io
  • 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%.
  • - Read this at SGinvestors.io -

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.
  • - Read this at SGinvestors.io -
  • With such high occupancy, Frasers Centrepoint Trust is well-positioned to negotiate higher rents.

Tenants’ sales and shopper traffic continued their growth trajectory.

  • Read more at SGinvestors.io.




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




Darren Chan Phillip Securities Research | https://www.poems.com.sg/ 2025-01-24



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

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





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