Although FCT did not provide financial information in its business update for the period, the analysts note that retail occupancy remains high despite slipping 0.5 percentage points q-o-q from 99.2% to 98.7% at end-June.
Analysts from CGS-CIMB Research, Maybank Research and Phillip Securities Research have maintained their “add”, “buy” and “accumulate” calls for Frasers Centrepoint Trust (SGX:J69U
) with unchanged target prices of $2.62, $2.35 and $2.35, respectively.
In their report dated July 26, analysts Natalie Ong and Lock Mun Yee of CGS-CIMB cite “upbeat tenant sentiment” as FCT maintained a high occupancy rate in 3QFY2023 ended June 30 with healthy leasing momentum.
