Frasers Commercial Trust (FCOT) (SGX: ND8U) is an office REIT with a portfolio of six commercial office properties in Singapore and Australia. The three office properties in Singapore comprise Alexandra Technopark, 55 Market Street, and China Square Central. FCOT’s overall portfolio is worth around $2 billion.
FCOT first listed on the SGX in March 2006 as Allco Commercial REIT before it was acquired by Frasers Centrepoint Limited in August 2008 and renamed.
I attended its most recent FY2016 AGM to find out more about FCOT and the office sector in general. Here are 13 things I learned from Frasers Commercial Trust’s FY2016 AGM.
- FCOT’s net property income (NPI) increased 13.4% year-on-year. Distribution per unit (DPU) increased 1.1% year-on-year to 9.82 cents. DPU has increased for seven consecutive years since 2009 and is at its highest since the REIT IPOed in 2006.
- Portfolio value increased 1.8% …