Frasers Centrepoint Trust - RHB Research 2026-04-27: Maintaining Its Suburban Resilience

• Frasers Centrepoint Trust's DPU’s for 1HFY26 came in line, after adjusting for higher retained income. Portfolio metrics remain strong, with near-full occupancy and positive mid-single-digit rent reversions, with upside from declining debt cost.
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1H DPU up 1.4% y-o-y, driven by Northpoint City South Wing contributions (acquired in May 2025), rent growth and declining interest costs.

• This was partially offset by lower JV contributions, mainly due to one-off excess cash distributions last year. Frasers Centrepoint Trust also retained S$4.6m in income for 1HFY26 for working capital and other initiatives but are likely to be distributed in 2HFY26.
• - Read this at SGinvestors.io -
• Utility costs are fully hedged for FY26 and partially hedged for FY27. Based on current energy prices, it sees minimal (<1%) DPU impact even if the hedges roll off.

In potential talks to divest White Sands mall forS$470m based on media reports.

• Read more at SGinvestors.io.

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

Previous report by RHB:
2026-01-27 Frasers Centrepoint Trust - Cathay Space Backfilled; Maintain BUY.

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