FCT’s aggregate leverage as of June 30 is 40.2%, an increase from 39.6% in the previous quarter. Green loans account for about 49.8% of its total borrowings.
Frasers Centrepoint Trust (FCT) has reported that its portfolio occupancy for 3QFY2023 is at 98.7%, 1.6 percentage points (ppts) higher y-o-y. Its weighted average lease expiry (WALE) stood at 1.95 years by net lettable area (NLA) or 1.86 years by gross rental income (GRI).
Shopper traffic increased 16% y-o-y, averaging around 90% of pre-Covid-19 levels, while tenant sales in the same period increased 5% y-o-y, about 16% above pre-Covid-19 levels.
