- Frasers Centrepoint Trust posted resilient 1HFY25 performance, with DPU rising 0.5% y-o-y to 6.054 cents.
1HFY25 results – DPU in line with our estimates.
- - Read this at SGinvestors.io -
- Distributable income rose 5% y-o-y to S$110.1mil.
Tampines 1 AEI reflects well in portfolio reversions and tenant sales.
- Rental reversions remained robust at +9.0%, supported by Tampines 1’s AEI completion, which delivered a strong +13% uplift in reversionary rents. Portfolio occupancy held steady at 99.5%, underpinned by tight islandwide retail supply and resilient necessity-driven spending.
- - Read this at SGinvestors.io -
- We understand that occupancy cost for the portfolio remained at sub-16%, balancing the uptrend in portfolio retail rents and underpinning healthy trading performance of underlying tenants.
- On the capital management front, aggregate leverage improved to 38.6% (from 39.3% in 1QFY25), alongside a 20bps q-o-q decline in cost of debt to 3.8% in 2Q25.
Earnings visibility from asset digestion of Northpoint City South Wing and staggered AEI completions.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Geraldine WONG NA DBS Group Research | Derek TAN DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-04-30
Read also DBS's most recent report:
2026-07-01 Frasers Centrepoint Trust - Hit the Road, White Sands.
Previous report by DBS:
2026-04-24 Frasers Centrepoint Trust 1HFY26 Results - Suburban Retail Defends And Delivers.
Price targets by 4 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
