Shares & Derivatives
Frasers Centrepoint Trust’s 2H FY24 Result Review
By REIT-TIREMENT  •  November 3, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Despite a slight YoY decline in gross revenue, NPI remained stable due to lower property expenses. Distribution from investments increased following the acquisition of an additional interest in NEX, leading to a YoY increase in distribution to unitholders. However, due to an enlarged unitholder base, DPU remained relatively unchanged. Rental Reversion Retail portfolio rental reversion for FY24 stands at 7.7%, with Central Plaza reporting a higher rental reversion of 9.3%. Shopper Traffic & Tenant Sales Both shopper traffic and tenant sales have improved YoY. While shopper traffic is still below pre-COVID levels, tenant sales have surpassed pre-COVID levels. Asset Enhancement Initiative The AEI for Tampines 1 was completed in August. Related Parties Shareholding REIT Sponsor's Shareholding: FavorableREIT Manager's Shareholding: FavorableDirectors of REIT Manager's Shareholding: Less Favorable Lease Profile Occupancy: FavorableWALE: Less...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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