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We are positive on Frasers Centrepoint Trust (SGX:J69U)’s recent moves to divest White Sands mall and develop the Bayshore Drive mixed-use site (part of a consortium).
- - Read this at SGinvestors.io -
Net gain of S$32.4m from divestment of White Sands mall.
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Divestment of White Sands mall for S$467m, at an 8.4% premium to independent valuation (May 2026), with an estimated net gain of S$32.4m. The exit NPI yield (FY25) of 4.6% is in line with recent market transactions.
- - Read this at SGinvestors.io -
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The transaction will lower pro-forma (FY25) DPU by 2%, assuming proceeds are used to repay its debt (gearing to decline to 36.5%). However, we see room for Frasers Centrepoint Trust to use some of the gains to offset near-term DPU dilution.
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The transaction is expected to be completed by Sep 2026.
Top bidder for the Bayshore Drive mixed-use site.
- 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/.
Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2026-07-16
Previous report by RHB:
2026-04-27 Frasers Centrepoint Trust - Maintaining Its Suburban Resilience.
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
