FCT’s 2Q also came in line with Maybank’s expectations although DPU had to be adjusted for the $376 million investment in an 18.8% stake in PGIM Asia Real Estate AsiaRetail Fund.
SINGAPORE (Apr 26): Maybank Kim Eng, DBS Group Research and OCBC Investment Research – are maintaining Fraser Centrepoint Trust (FCT) at “buy” with target prices of $2.60, $2.60 and $2.61 respectively.
Maybank says FCT is its preferred retail REIT, thanks to its strengthening suburban-mall footprint, visible growth drivers, strong balance sheet and potential acquisition catalysts.
