Frasers Centrepoint Trust will divest its smallest mall, White Sands, for S$467mil, representing an 8.4% premium to valuation and a 4.6% exit yield. In addition, Frasers Centrepoint Trust will hold a 50% stake in the retail component of the Bayshore Drive integrated development (comprising ~170,000 sqft of retail NLA costing S$613mil on a 100% basis). The project is expected to deliver a 5% yield on cost and is scheduled for completion by end-2030. We estimate it could increase distributable income by ~3% upon stabilisation.
The Positives
(+) Operational metrics remain healthy.
- Read more at SGinvestors.io.
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/.
Darren Chan Phillip Securities Research | https://www.poems.com.sg/ 2026-07-29
Previous report by Phillip:
2026-04-27 Frasers Centrepoint Trust - Defensive Malls Weather Macro Uncertainty.
Price targets by 5 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
