Frasers Centrepoint Trust (FCT)

FCT yesterday announced that it will be exercising its rights of pre-emption to acquire an additional 12.07% stake in AsiaRetail Fund (ARF) for $197.2 million.

SINGAPORE (June 25): As retail businesses and F&B outlets have resumed operations in Phase 2 of the reopening of Singapore’s economy, new opportunities in the real estate investment trusts (REITs) sector have appeared.

The earlier-than-expected reopening of phase 2 that will take place this Friday (June 19) came as a “positive surprise” for the retail sector, according to DBS analyst Derek Tan and the Singapore research team.

As Singapore gradually reopens from its circuit breaker measures, DBS analyst Derek Tan and its Singapore research team believe that retail REITs are the “preferred” sector due to earlier-than-anticipated mall openings.

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficiaries.

Frasers Centrepoint Trust (FCT), Mapletree Commercial Trust (MCT) and ESR REIT have retained 50%, 30% and 60% of their distributable income figures respectively in light of Covid-19 uncertainties.

The manager of Frasers Centrepoint Trust (FCT) has announced distribution per unit (DPU) of 1.61 cents for 2QFY2020 ended March, some 48.7% lower than DPU of 3.14 cents in the same quarter last year.

FCT's positive DPU growth streak may be over this year

SINGAPORE (April 4): The rebound that took place in the week of March 23–27 failed to get past 2,561 reached on March 27, establishing this as a resistance level.

Despite the bleak outlook, CGS-CIMB highlights two retail REITs that are likely to weather the storm.