Frasers Centerpoint Trust (FCT)

“We acknowledge the challenges facing retail [Real Estate Investment Trusts] REITs like FCT in 2020. Investors should however look beyond the current weakness and identify positive trends shaping the future of physical retail malls,” says Joel Ng of KGI.

SINGAPORE (June 11): SGX lists at least 24 companies and two trusts associated with seven business empires run by some of Singapore’s richest families. These home-grown companies and/or conglomerates on SGX have a combined market capitalisation of more

SINGAPORE (May 20): In a much anticipated announcement, the manager of Frasers Centrepoint Trust said on May 16 that it would be acquiring a one-third stake in Waterway Point from sponsor Frasers Property (FPL). The purchase consideration on a 100% basis

SINGAPORE (May 16): The manager of Frasers Centrepoint Trust (FCT) has proposed an equity fund raising to raise gross proceeds of no less than $421.7 million.

SINGAPORE (Apr 24): The manager of Frasers Centrepoint Trust (FCT) has announced a distribution per unit (DPU) of 3.137 cents for 2Q19 ended March.

SINGAPORE (Mar 25): Frasers Property Limited and Frasers Centrepoint Trust (FCT) are raising their stakes in PGIM Real Estate Asia Retail Fund for $635 mil in total.

SINGAPORE (Oct 10): CGS-CIMB Securities continues to rate Singapore REITs as “overweight” following media reports that home-grown electronics retailer Newstead Technologies is currently in liquidation.

SINGAPORE (July 25): Analysts are keeping their positive outlooks on Frasers Centrepoint Trust (FCT) after the REIT saw its distribution per unit (DPU) climb 1.8% y-o-y to 3.053 cents for the 3Q18 ended June.

SINGAPORE (Nov 30): OCBC Investment Research is maintaining its “neutral” rating on Singapore REITs (S-REITs) as it projects a 2.8% DPU growth for S-REITs in the next financial year.