This REIT is enjoying robust rental reversions in spite of sector headwinds

SINGAPORE (Jan 24): OCBC Investment Research is reiterating its “buy” call on Frasers Centrepoint Trust (FCT) following the announcement of its 1Q17 financial results last Friday. 

(See also: Fraser Centrepoint Trust reports 0.7% rise in 1Q DPU to 2.89 cents)

The research house has lowered its fair value estimate on the trust to $2.28 from $2.33 previously to factor in a steeper yield curve environment, which has led to OCBC raising its risk-free rate assumption for the trust from 2.4% to 2.7%.

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