Frasers Property Limited (formerly known as Frasers Centrepoint Limited) is a multinational integrated real estate conglomerate with assets located in Singapore, Australia, China, and Europe. Frasers Property is active in property development, management, REITs, and investments. As at 30 September 2018, Frasers Property has a total of S$32.4 billion in total assets.
In this article, I’ll revisit its fundamentals, provide an update on its latest results, and evaluate its valuation. Here are 10 things to know about Frasers Property before you invest.
1. Singapore: Profit before interest and tax (PBIT) grew 17.8% year-on-year to S$481.0 million in 2018. This was due to an increase in development profits from key projects, namely: Park Life EC, North Park Residences, and Seaside Residences. This compensated for a slight reduction in distributions from Frasers Commercial Trust due to a drop in rental income from Alexandra Technopark and China Square Central in 2018. Frasers