Frasers Centrepoint Trust (FCT) is an SGX-listed real estate investment trust and one of the largest suburban retail mall owners in Singapore. The company’s portfolio comprises of nine retail malls and an office building. To date, FCT manages S$6.2 billion in assets under management (AUM) and is among the top ten largest S-REITs by market capitalisation. In view of the current uncertain economic landscape, I was curious about FCT’s performance in the post-COVID environment and its management’s outlook on the year ahead. Year to date, FCT’s share price has risen by 7.3%, posing a strong start into 2023. To learn more, I attended FCT’s recent annual general meeting. Here are seven things that I’ve learned from the 2023 Frasers Centrepoint Trust AGM. 1. Revenue grew 4.6% year-on-year to S$356.9 million while net property income (NPI) rose 4.9% to S$258.6 million for FY2022. FCT’s improved performance was due to contributions from the enlarged retail portfolio after the ARF acquisition, absence of...