FCT has solid properties mainly in key locations next to MRT. Their returns grow with the Singapore economy and the mass population reside near to their malls. The remarkable ones are Northpoint north wing and Waterway point which have Condo residences above their malls in Integrated concept to transport hub and community services. See below. Basically community revolves around this malls. They are basic necessity and which benefits further from WFH. Both malls are huge and for new comers therefore getting lost in there is normal.
In last week half year report, 1st half DPU 5.996 cents. In which 0.132 cents already distributed last year. If we annualized the result, is about 4.9% at $2.45.
If we roll back to year 2019, FCT hits 5.7% annualized at today price. DPU 14 cents. This is pre-covid. Logically speaking 2nd half will also see better result unless macro factor or ....