Basic Profile & Key Statistics Frasers Centrepoint Trust (FCT) is a REIT that owns retail properties in Singapore. It was listed on 5 July 2006. Lease Profile Occupancy is healthy at 94.6%. WALE is short at 1.61 years as compared to other SREITs with retail properties in Singapore. 32.3% of lease expiry falls in FY2022, which posts a concentrated lease expiry risk. Weighted average land lease expiry at 70.74 years is very closed to SREITs median level. Debt Profile Gearing is healthy at 35%. Cost of debt is low at 2.5% despite its 76.3% of unsecured debt. Fixed rate debt is low at 50% which is favorable to the current low-interest environment. 34.2% of debt maturity falls in FY2023, the level is slightly above SREITs median. Interest cover ratio is high at 4.8 times. WADE is short at 2.3 years. Diversification Profile FCT is not diversified in terms of geographical and property. Its flagship property, Causeway Point contributes 36.7% of gross income. However, it is quite diversified in terms of tenants, where top tenant...