Shares & Derivatives
Frasers Centrepoint Trust Analysis Review @ 30 April 2021
By REIT-TIREMENT  •  April 30, 2021
Basic Profile & Key Statistics Frasers Centrepoint Trust (FCT) is a Retail REIT that invests mainly in Retail malls in Singapore. FCT  currently owns 11 properties in Singapore. Performance Highlight Gross revenue, NPI and income available for distribution increase hugely due to the ARF acquisition. DPU increase by 28.4% YoY mainly due to the absence of distribution retention in 1H 2021. Including retention for1H 2020, the DPU would be around 6.35 cents. In 1H 2021, FCT divested Bedok Point and Anchorpoint on 9 November 2020 and 22 March 2021 respectively. Divestment of YewTee Point is expected to complete on 28 May 2021. Tenant sales for Jan and Feb have improved as compared to pre-Covid time. Overall rental reversion is at negative 0.7% with Changi City Point being the worst hit. Related Parties Shareholding
  • REIT sponsor's shareholding is high at 40.69%
  • REIT manager's shareholding is high at 4.27%
  • Directors of REIT manager's shareholding are low at 0.07%
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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