The country is facing a very challenging slow growth situation, that is not constrained to this country alone. Retail have not been doing very well.
It is why the result of FCT (5.6% Dividend Yield) and CMT (5.2% Dividend Yield) always sheds like on the extent of the problem.
FCT released their results and they have raise their dividend versus 3rd quarter 2015.
It will be tricky to annualized FCT’s 3rd Quarter Dividend per share and think that is the forecast dividend yield. Based on past history, their payouts are not even.
However, FCT’s management look bent on keeping their DPU growth record, despite Northpoint’s ongoing asset enhancement initiative (AEI)
Despite the defensiveness of the suburban malls, foot traffic have been trending down.
Despite that the rent renewals, from the passing rent 3 years ago (tenant lease usually 3 years) have been good except ......