As Metro contemplates the potential closure of its two remaining outlets in Singapore, DBS Group Research analysts Geraldine Wong and Derek Tan weigh the implications its closure will have on SPH REIT and Frasers Centrepoint Trust (FCT).

There are several years left on the lease at Metro Causeway Point under FCT and at SPH REIT’s Paragon, where Metro stands as an anchor tenant.

The department store is one of the top 10 tenants by gross rental income (GRI) for both SPH REIT and FCT based on its latest annual report.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook