On 25 October 2023, Frasers Centrepoint Trust (“FCT”) have announced their full year results for the financial year FY2023. Overall, there are no surprises from FCT, and they have remained stable with DPU relatively unchanged given the higher finance costs. There will be slight disruptions from Tampines 1 due to AEI works but is expected to complete before the end of 2024.
Website: Financial Statements And Related Announcement::Full Yearly Results
Background
FCT is a leading developer-sponsored REIT and one of the largest suburban retail mall owners in Singapore. FCT’s property portfolio comprises nine retail malls and an office building located in the suburban regions of Singapore, near homes and within minutes to transportation amenities.
FCT is among the top-ten largest Singapore REITs (“S-REITs”) by market capitalization. It is also an index constituent of several benchmark indices including the FTSE EPRA/NAREIT Global Real Estate Index Series
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