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Frasers Centrepoint Trust (FCT)
REIT Watch
FCT to raise stake in NEX to 50%; reports resilient 1Q
FCT's acquiring of a 24.5% stake in NEX for $523.1 million brings its total to 50%.
January 25, 2024
REITs
FCT to acquire additional 24.5% effective stake in Nex for $523.1 mil
Following the acquisition, FCT will have an effective interest of 50.0% in the mall.
January 25, 2024
Results
Frasers Centrepoint Trust reports 99.9% retail committed occupancy in business update
FCT's retail committed occupancy, excluding Tampines 1 which is undergoing AEIs, improved 1.5 percentage points y-o-y.
January 22, 2024
Broker's Calls
UOBKH maintains 'overweight' rating on S-REITs after seeing 'healthy signs' that inflationary pressures have moderated
Analyst Jonathan Koh keeps his buy call on CDLHT, FCT, FEHT, KREIT, LREIT and MINT.
December 01, 2023
Investing ideas
Investors can ‘sit tight’ in ‘defensive’ FCT amid higher funding costs: analysts
FCT reported a DPU of 6.02 cents for the 2HFY2023 ended Sept 30 and FY2023 DPU of 12.15 cents.
November 02, 2023
Broker's Calls
Analysts trim estimates and TPs on FCT after 2HFY2023 and FY2023 results
The analysts' target prices range from $2.12 to $2.60.
October 30, 2023
Results
Frasers Centrepoint Trust reports FY2023 DPU of 12.15 cents, 0.6% lower y-o-y
2HFY2023 DPU fell by 1.2% y-o-y to 6.02 cents.
October 25, 2023
Broker's Calls
Brokers’ Digest: FCT, UMS, Grand Venture Tech, Keppel REIT, Valuetronics, Nanofilm, Dyna-Mac Holdings, Banyan Tree
See what the analysts have to say this week.
September 29, 2023
New appointments
Frasers Centrepoint Trust appoints Raffles Medical’s CIO to board
Darren Tan is said to have over 28 years of experience in financial matters.
September 25, 2023
REITs
Frasers Centrepoint Trust announces proposed divestment of 28.85% of Hektar REIT
Frasers Centrepoint Trust announces divesting 143m units in Hektar REIT following proposed sale of Changi City Point
September 22, 2023