On 25th July 2023, Frasers Centrepoint Trust (FCT) released their 3QFY23 business updates. Since this is just a business update, the highlight was the usual improved operational performance. Earlier this month, I have accumulated more of Frasers Centrepoint Trust to my stock portfolio. I am glad that occupancy in 3QFY23 has improved. As you can see from the slides above, Shopper traffic and tenant sales have both increased 16% and 5% y-o-y respectively. There are also new tenants added to its sub-urban malls which I shall share more later below. Now, let us take a look at what was being shared in Frasers Centrepoint Trust 3QFY23 Business Updates. Debt As of 30th June 2023, the aggregate leverage stood at 40.2%. This was a slight increase of 0.6% as compared to 39.6% on 31st March 2023. Average debt maturity also increased from 1.91 years to 2.53 years. The good news here is that refinancing has been completed for FY23....