FCT is pure-play Singapore dollar, Singapore suburban retail malls. CICT is mainly Singapore dollar focused Singapore retail play with office space, integrated properties and a smattering of overseas properties in the mix.
Is there a disconnect between investors in retail assets via S-REITs and the tenants in REIT-owned malls? With a debate on local retail rents heating up, where should investors stand on the topic of higher or lower rents?
The retail trade be it via CapitaLand Integrated Commercial Trust (SGX:C38U
) (CICT), Frasers Centrepoint Trust (SGX:J69U) (FCT), their respective sponsors CapitaLand Investment (CLI) and Frasers Property (SGX:TQ5) (FPL) or Lendlease Global Commercial REIT (SGX:JYEU) (LREIT) depends on the risk appetite, the REITs’ cost of capital, and their sponsors’ cost of capital.
