Frasers Centrepoint Trust (FCT)

FCT reports FY2024 DPU of 12.042 cents in ‘eventful year’ - THE EDGE SINGAPORE

Results

FCT reports FY2024 DPU of 12.042 cents in ‘eventful year’

The REIT’s DPU for the 2HFY2024 stood at an unchanged 6.02 cents.

REITs

Better macro and interest environment to encourage allocations into S-REITs in 2HFY2024, DBS names top picks

The analysts at DBS note that an inflexion point approaches for S-REITs.
FCT reports portfolio occupancy of 99.7% for 3QFY2024 - THE EDGE SINGAPORE

Results

FCT reports portfolio occupancy of 99.7% for 3QFY2024

Units in FCT closed 1 cent lower or 0.46% down at $2.19 on July 24.

Broker's Calls

DBS picks FCT and DFI as its retail picks ahead of JB-Singapore RTS opening at end 2026

After the opening, analysts estimate an incremental annual retail leakage to JB of $1.5-$2.1 bil in the medium term.

New appointments

FCT’s manager appoints Annie Khung as its new CFO

Khung will officially commence her duties on Aug 9.
FCT manager's CFO resigns - THE EDGE SINGAPORE

Company in the news

FCT manager's CFO resigns

Her successor is being selected and an announcement will be made “in due course”.

Results

Frasers Centrepoint Trust reports 1HFY2024 DPU of 6.022 cents, 1.8% lower y-o-y

Gross revenue for the six-month period fell by 7.2% y-o-y to $172.2 million.

Broker's Calls

DBS analysts maintain preference for FCT, LREIT, CICT and CLAS S-REITs as macro environment normalises

Investors should continue to add to their positions, despite volatility in the interim as interest rate cuts approach in mid-2024.
Frasers Centrepoint Trust replaces Emperador in STI - THE EDGE SINGAPORE

Company in the news

Frasers Centrepoint Trust replaces Emperador in STI

Units in FCT closed 1 cent higher at $2.19 while shares in Emperador closed 1 cent higher at 51 cents on Feb 29.
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