Since Frasers Centrepoint Trust (FCT) posted its
half-year results in April, a lot has happened. The manager inked a deal to sell White Sands, joined a winning billion-dollar Bayshore bid, and put out a third-quarter business update that quietly held its ground. Here’s the scorecard.
The Key Metrics At A Glance
| Metric (Q3 2026) |
Current |
Prior |
Change |
| Capital and debt |
|
|
|
| Aggregate leverage |
40.4% |
40.0% (Mar 2026) |
+0.4ppt |
| Cost of debt |
3.0% |
3.2% (Q2 FY26) |
-0.2ppt |
| Debt hedged to fixed |
65.7% |
66.0% (Mar 2026) |
-0.3ppt |
| WADM |
3.66 years |
3.92 years (Mar 2026) |
-0.26 year |
| Interest coverage ratio |
3.66x |
3.59x (Mar 2026) |
+0.07 times |
| Refinancing due FY26 |
None |
|
|
| Operations |
|
|
|
| Committed occupancy |
99.6% |
99.8% (Mar 2026) |
-0.2ppt |
| Lease WALE |
1.7 years |
1.7 years (Q2 FY26) |
No change |
| Shopper traffic (y-o-y) |
+2.4% |
n/a |
n/a |
| Tenants’ sales (y-o-y) |
+0.2% |
n/a |
n/a |
What The Numbers Say
- Shopper traffic rose 2.4%, but tenants’ sales barely moved at 0.2%, the quarter’s one soft spot, which the manager attributes to tenancy churn from the ongoing mall refreshes.
- The quarterly cost of debt eased further to 3.0%, the most encouraging line in the deck.
...
