On 24 July 2024, Frasers Centrepoint Trust (“FCT”) have announced their third quarter business updates for FY2024. There were no disclosures relating to their DPU nor detailed breakdown of their financial performance. Noted however that their operations remain relatively stable with healthy tenants’ sales and shopper traffic. The Tampines 1 Asset Enhancement Initiative (“AEI”) is mentioned to be on track to complete with 100.0% committed occupancy. Investors will be able to assess their performance in the next quarter update where FCT will release their full year financial year results.
Website: General Announcement::Business Updates For The Third Quarter Ended 30 June 2024
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.
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