On 25 April 2024, Frasers Centrepoint Trust (“FCT”) have announced their half year result for FY2024. The results are relatively stable, although DPU have dropped this half of the year. This was not unexpected given the dilution from the placements and that the acquisition was only completed at the end of the March 2024. Investors will only be able to see the benefits over the next few quarters and therefore will need to monitor.

Website: Financial Statements And Related Announcement::Second Quarter And/Or Half Yearly Results

Photo source: https://www.theedgesingapore.com/capital/results/frasers-centrepoint-trust-reports-12-higher-dpu-12227-cents-fy2022

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