Following the end of the financial year 2021/22 on 30 September, Frasers Centrepoint Trust (SGX:J69U) published its annual report early this morning, along with details about its upcoming annual general meeting (AGM.)
This post was originally posted here. The writer, Jun Yuan Lim is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2100 followers.
For those who are unfamiliar with the REIT, Frasers Centrepoint Trust is one of the largest suburban retail mall owners in Singapore, with assets under management of approximately S$6.2bn. Its portfolio comprises of 9 retail properties (in Causeway Point, Northpoint City North Wing [including Yishun 10 Retail Podium], Changi City Point, Waterway Point [40.0% interest], Tiong Bahru Plaza, White Sands, Hougang Mall, Century Square, and Tampines 1), along with 1 office property (in Central Plaza.) On top of that, they also have a 30.53% stake in Hektar Real Estate Investment Trust, a retail-focused REIT in Malaysia listed on...