If you think this article is about a fantasy saga series that was popular in the past decade, no, it is not. Rather, the two kings in this article had lived harmoniously together for the past ten years and thank goodness no war had erupted between them (except probably the “war” in your mind on who to invest on).
The two mentioned “kings” are actually two REITs, namely Frasers Centrepoint Trust (FCT), the “north”, and Mapletree Commercial Trust (MCT), the “south”. Why they were given these monikers was because of the location of their respective properties (directly owned, indirectly owned and/or potential) in the geographical regions of Singapore. If you take out their annual reports and read up on their assets, the geographical concentration was obvious.
In this post, we shall take a brief look on these two REITs.
FCT: The Northern King
Seasoned REIT investors would have known about FCT;...