As Metro mulls exit from department store business, DBS weigh the implications on SPH REIT and FCT

As Metro contemplates the potential closure of its two remaining outlets in Singapore, DBS Group Research analysts Geraldine Wong and Derek Tan weigh the implications its closure will have on SPH REIT and Frasers Centrepoint Trust (FCT).

There are several years left on the lease at Metro Causeway Point under FCT and at SPH REIT’s Paragon, where Metro stands as an anchor tenant.