Causeway Point

Why Frasers Centrepoint's two northern malls are doing well

SINGAPORE (Sept 5): It's no wonder why Frasers Centrepoint Trust's Northpoint City and Causeway Point are two of the biggest malls in the northern region.

Given the two malls are well connected to MRTs and bus stations, they have been performing well with occupancy rates of over 98% and relatively consistent positive rental reversions.

And the outlook for the two malls appears bright.

RHB and CIMB keep Frasers Centrepoint Trust at ‘buy'

From Google Drive

SINGAPORE (July 25): RHB and CIMB are maintaining their “buy” rating on Frasers Centrepoint Trust (FCT) with a target price of $2.22 and $2.34 respectively.

This is despite a 1.3% decline y-o-y in its DPU for 3Q17 to 3 cents and a 3.3% y-o-y decline in its revenue for the same period.

See: Frasers Centrepoint Trust 3Q DPU falls 1.3% to 3 cents on impact of Northpoint AEI

Frasers Centrepoint Trust 3Q DPU falls 1.3% to 3 cents on impact of Northpoint AEI

SINGAPORE (July 24): The manager of Frasers Centrepoint Trust (FCT) has declared a distribution per unit (DPU) of 3 cents for the third quarter ended June, 1.3% down from the 3.04 cents DPU reported in the same period a year ago on lower revenue.

Revenue for 3Q17 was $43.6 million, down 3.3% y-o-y from the $45 million registered a year ago due to the trust’s ongoing asset enhancement initiative (AEI) works at Northpoint, which resulted in a loss of revenue from planned vacancies for the property.

Frasers Centrepoint Trust to strengthen foothold after reclaiming its rule in the North

SINGAPORE (April 26): DBS Vickers Securities continues to rate Frasers Centrepoint Trust (FCT) at “buy” with an unchanged target price of $2.20, commending the retail REIT’s stable 2Q DPU of 3.04 cents despite the lack of contributions over the quarter from Northpoint, which is currently undergoing an asset enhancement initiative (AEI).

Fraser Centrepoint Trust reports 0.7% rise in 1Q DPU to 2.89 cents

SINGAPORE (Jan 20): The manager of Fraser Centrepoint Trust has reported DPU for 1Q17 rose 0.7% to 2.89 cents from 2.87 cents a year ago.

Gross revenue for the Oct-Dec period was $44.1 million, down 6.4% y-o-y, due mainly to lower contribution from Northpoint which is undergoing asset enhancement initiative (AEI) works.

Causeway Point’s revenue rose 3.4% and accounted for about 48% of the total revenue.

Net property income declined 5.7% year-on-year to $31.6 million, in line with the lower revenue achieved.

What will hold this retail REIT steady amid a dismal outlook?

SINGAPORE (Jan 5): RHB is maintaining its “buy” call on Frasers Centrepoint Trust (FCT) with a target price of $2.22 despite foreseeing a challenging retail outlook for 2017, as the research house is confident in the REIT’s management as well as suburban mall portfolio.

Frasers Centrepoint Trust declares DPU of 2.815 cents for 4Q, down 1.5%

SINGAPORE (Oct 21): The manager of Frasers Centrepoint Trust (FCT) has declared a distribution per unit (DPU) of 2.815 cents for the 4Q16 ended Sept, 1.5% lower than a year ago.

This brings the total DPU for FY2016 to 11.764 cents, which is 1.3% higher than the previous year.

Gross revenue for 4Q16 was $44.6 million, which is 6% lower compared with the year-ago period. Revenue contribution from the Causeway Point, FCT’s largest mall, was up 3.2% in 4Q16.

3 reasons why Frasers Centrepoint Trust should be on your ‘buy’ list

SINGAPORE (July 19): DBS has maintained its “buy” call for Frasers Centrepoint Trust (FCT), with a target price of $2.29. This comes as the REIT recently declared a DPU of 3.04 cents on the back of its 3QFY16 results.

(See Frasers Centrepoint Trust posts steady 3Q DPU of 3.04 cents)

Here are three reasons why DBS is optimistic on the REIT:

1. Ability to maintain stable DPUs

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