Frasers Centrepoint Trust (FCT) is a SGX-listed real estate investment trust that owns retail malls located in the suburban regions of Singapore. FCT’s portfolio of properties comprises 11 retail malls and an office building with worth approximately a total of S$6.7 billion. The retail malls are Causeway Point, Northpoint City North Wing (including Yishun 10 Retail Podium), Anchorpoint, YewTee Point, Changi City Point, Waterway Point (40% interest), Tiong Bahru Plaza, White Sands, Hougang Mall, Century Square and Tampines 1. 2020 was indeed a challenging year for REITs, with retail REITs being the worst hit sector globally as the COVID-19 pandemic brought about national lockdowns and social distancing. FCT REIT was not spared from the crisis, as people and businesses in Singapore were impacted. Here are 10 things I learned from the 2020 Frasers Centrepoint Trust AGM: 1. Revenue fell 16.3% year-on-year to S$164.4 million while net property income (NPI) declined 20.4% to S$110.9...