- 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