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Frasers Centrepoint Trust (FCT)
Broker's Calls
As Metro mulls exit from department store business, DBS weigh the implications on SPH REIT and FCT
The department store is one of the top 10 tenants by gross rental income (GRI) for both SPH REIT and FCT.
February 03, 2021
Broker's Calls
Analysts positive on FCT with higher target prices amid encouraging 1Q results
Units in FCT closed 2 cents higher or 0.8% up at $2.61 on Jan 25.
January 25, 2021
Results
Frasers Centrepoint Trust says 53.6% of NLA allocated to essential services in 1Q business update
As at Dec 31, 2020, FCT’s gearing ratio stood at 37.7%, 1.8 percentage points higher than the 35.9% as at Sept 30, 2020.
January 21, 2021
Company in the news
Frasers Centrepoint Trust is divesting Anchorpoint Shopping Centre for $110 mil
The divestment is expected to record net proceeds of about $108.8 million.
December 23, 2020
Broker's Calls
Selected REITs set to outperform as Singapore enters Phase 3: OCBC
OCBC says the REITs – in what the brokerage terms as the “Recovery S-REITs basket” – will be able to outperform in the near term.
December 17, 2020
Broker's Calls
Robinsons closure 'unlikely to be one-off': DBS
The analysts are also positive on FCT, CICT (formerly CMT) and LREIT with "buy" recommendations on all three S-REITs.
November 03, 2020
Results
Frasers Centrepoint Trust declares 26.1% drop in 2H2020 DPU of 4.372 cents
Unitholders can expect to receive their distributions on Dec 4.
November 03, 2020
REITs
CapitaLand Mall Trust to start trading as CapitaLand Integrated Commercial Trust on SGX-ST
Units in CMT closed 3 cents higher or 1.7% up at $1.76 on Nov 2.
November 03, 2020
REITs
FCT’s preferential offering to open on Oct 9
Units in FCT closed 1 cent lower, or 0.4% down, at $2.35, on Oct 8.
October 08, 2020
REITs
Frasers Centrepoint Trust raises $575 mil in private placement following announcement
The private placement issue price of $2.35 represents a discount of 4.9% to the adjusted VWAP of $2.472 per unit.
September 29, 2020