Frasers Commercial Trust (FCOT)

SINGAPORE (July 10): Frasers Commercial Trust (FCOT) is divesting 55 Market Street, its 16-storey commercial property at Raffles Place, to an unnamed third party for $216.8 million.

SINGAPORE (July 2): OCBC Investment Research is reiterating its “buy” call on Frasers Commercial Trust (FCOT) while lowering its fair value estimate by a cent to $1.53 after incorporating more conservative assumptions for near-term DPU projections.

SINGAPORE (May 31): DBS Group Research says this could be a good time to scoop up S-REITs of selected office and hotel names given supply pressures in these sub-sectors have eased.

SINGAPORE (Apr 23): Frasers Commercial Trust on Friday announced that its 2Q18 DPU dropped 4.4% to 2.40 cents from 2.51 cents a year ago, due to lower revenue and income from properties.

SINGAPORE (Apr 20): The manager of Frasers Commercial Trust (FCOT) has declared a 2Q18 distribution per unit (DPU) of 2.40 cents, down 4.4% from its 2Q17 DPU of 2.51 cents a year ago on lower revenue and income from properties.

SINGAPORE (Apr 5): OCBC Investment Research is upgrading Frasers Commercial Trust (FCOT) to “buy” from “hold” with an unchanged fair value of $1.51 on expectations of an impending recovery of Grade B CBD Core office rental rates.

SINGAPORE (Feb 20): Over the past week, the spike in 10-year bonds and fears over inflation has caused the Singapore REIT (S-REIT) index to decline by about 7%.

SINGAPORE (Jan 23): RHB is maintaining Frasers Commercial Trust (FCOT) at "neutral" given portfolio weakness was visible, given four out of FCOT’s six properties registered lower occupancies.

SINGAPORE (Dec 18): OCBC Investment Research is upgrading its call on Frasers Commercial Trust (FCOT) to “buy” from “hold” with a higher fair value estimate of $1.51.

SINGAPORE (Dec 14): Frasers Commercial Trust (FCOT) has made the United Kingdom the first stop in expanding its investment mandate to Europe.