Frasers Centrepoint Trust - OCBC Investment Research 2025-07-28: In A Strong Position Despite Hiccups On Cathay Cineplexes Lease

• Frasers Centrepoint Trust provided a business update for 3QFY25. Its retail portfolio committed occupancy increased 0.4 ppt q-o-q to 99.9%. This excludes Hougang Mall which is undergoing major asset enhancement works.

Near full occupancy for retail portfolio.

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• For Hougang Mall, Frasers Centrepoint Trust is targeting a return on investment (ROI) of ~7% based on CAPEX of S$51m. It has already secured leasing pre-commitment of 74%, with signing rents tracking slightly above management’s underwriting assumptions. One negative was that Cathay Cineplexes, which is a tenant at Century Square and Causeway Point, was served a statutory demand by Frasers Centrepoint Trust regarding rental arrears.
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Tenants’ sales and shopper traffic growth rose 4.4% and 2.1% y-o-y in 3QFY25, respectively.

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

Previous report by OCBC:
2025-04-29 Frasers Centrepoint Trust - All Rounded Performance.

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