Frasers Centrepoint Trust 2HFY25 - UOB Kay Hian 2025-10-24: Marginal Dent From Exit Of Cathay Cineplexes

• Frasers Centrepoint Trust reported DPU of 6.059 cents for 2HFY25 (+0.6% y-o-y), which is in line with our expectation.

Departure of Cathay Cineplexes temporarily affected occupancy.

• - Read this at SGinvestors.io -
• Excluding the vacated spaces, portfolio occupancy remained high at 99.9%, indicating the retail portfolio’s underlying strength.

Proactive leasing strategy.

• - Read this at SGinvestors.io -
• repurpose the space and re-lease to anchor tenants, which may entail work to reconfigure the space.

Resilient growth from defensive suburban retail malls.

• The retail portfolio clocked positive rental reversion of 7.8% in FY25. Management expects positive rental reversion to be sustainable at a mid-single-digit rate going forward.
• Portfolio-wide occupancy cost remains healthy at 16.1%.

Encouraging growth in shopper traffic and tenant sales.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2025-07-28 Frasers Centrepoint Trust 3QFY25 - Achieving High Occupancies; Planning More AEIs.

Price targets by 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