- Gross revenue rose 20.3% y-o-y to S$221.9mil and NPI increased 20.2% y-o-y to S$160.8mil, through the consolidation of Northpoint City South Wing and strong performance of the portfolio. Frasers Centrepoint Trust's DPU rose 1.4% y-o-y to 6.136 cents, broadly in line with our expectations, reflecting dilution and higher financing costs.
Operational highlights
- - Read this at SGinvestors.io -
- Rental reversion remained strong at +6.5%, with further upside from post-AEI leases at Tampines One mall and Phase 1 of Hougang Mall. Portfolio occupancy improved to 99.8% (+1.7 ppt q-o-q), driven by successful backfilling of former cinema spaces at Causeway Point, Century Square and the securing of a entertainment park tenant to take over Golden Village lease at Tiong Bahru Plaza.
- - Read this at SGinvestors.io -
Our views.
We remain constructive on FCT’s outlook.
- 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 DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-04-24
Previous report by DBS:
2026-01-23 Frasers Centrepoint Trust - Cinema Space Backfilling Done And Dusted.
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
