Shares & Derivatives
Can Frasers Centrepoint Trust’s DPU Continue to Climb?
By The Smart Investor  •  December 1, 2022
REITs are a great asset class for investors seeking a steady source of passive income. The steady dividends that these REITs paid over the years have endeared them to income investors over the years. However, in recent months, the sector has come under pressure due to a combination of high inflation and rising interest rates. Investors have turned bearish on the REIT sector, resulting in falling unit prices. Frasers Centrepoint Trust (SGX: J69U), or FCT, is no exception. The retail REIT, which owns a total of nine suburban retail malls spanning 2.3 million square feet, saw its unit price slide nearly 13% year to date. Despite the decline, FCT reported that its distribution per unit (DPU) inched up 1.2% year on year to S$0.12227 for its fiscal 2022 (FY2022) ending 30 September 2022. Investors may be curious as to whether the retail REIT can continue to post higher DPU. We dig deeper to try to determine this....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.

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