Frasers Centrepoint Trust (SGX: J69U)
Frasers Centrepoint Trust, or FCT, is a retail REIT with a portfolio of nine retail malls and an office building, all located in the suburban regions of Singapore. Its assets under management (AUM) were approximately S$6.5 billion as of 30 September 2023. The retail REIT pulled off a respectable performance for its fiscal 2023 (FY2023) ending 30 September. Gross revenue rose 3.6% year on year to S$369.7 million while net property income (NPI) inched up 2.7% year on year to S$265.6 million. Distribution per unit dipped slightly by 0.6% year on year to S$0.1215, giving...The REIT sector has been negatively impacted by inflation and a surge in interest rates over the past 18 months.
Despite this, the asset class continues to be an important source of dividends for income investors.
REIT managers are taking steps to mitigate the impact of higher expenses and finance costs.
Here are four resilient Singapore REITs sporting distribution yields of 5.4% or more.
