Frasers Centrepoint Trust - Phillip Securities 2025-05-02: Defensive Earnings From Suburban Malls

• Frasers Centrepoint Trust's 1HFY25 DPU of 6.054 Singapore cents was 0.5% higher y-o-y, in line with our expectations and formed 49% of our FY25e forecast. NPI grew 7.3%, driven by higher rents at Tampines 1 following AEI completion and stronger rents across the portfolio. Excluding Tampines 1 and the divestment of Changi City Point, 1HFY25 NPI was up 1.6% y-o-y.
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The Positives

Retail portfolio occupancy remained strong at 99.5% (unchanged q-o-q).

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Tenants’ sales and shopper traffic continued to improve.

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

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