Changi City Point

Fraser Centrepoint Trust kept at 'buy' by DBS, Maybank and OCBC

SINGAPORE (Apr 26): Maybank Kim Eng, DBS Group Research and OCBC Investment Research -- are maintaining Fraser Centrepoint Trust (FCT) at “buy” with target prices of $2.60, $2.60 and $2.61 respectively.

Maybank says FCT is its preferred retail REIT, thanks to its strengthening suburban-mall footprint, visible growth drivers, strong balance sheet and potential acquisition catalysts.

Soft retail environment keeps Frasers Centrepoint Trust at 'hold' despite positive 4Q results

SINGAPORE (Oct 26): The manager of Frasers Centrepoint Trust (FCT) announced its results Wednesday, with 4Q DPU increasing 5.5% to 2.97 cents, bringing FY17 DPU to 11.90 cents, 1.2% higher than FY16.

This is the trust’s 11th straight year of DPU growth and the highest DPU achieved since its listing in 2006.

Gross revenue for 4Q17 was also up 8.1% year-on-year to $48.2 million and net property income increased 10.0% to $34.6 million.

RHB and CIMB keep Frasers Centrepoint Trust at ‘buy'

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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 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).

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 still on point despite 4Q DPU drop

SINGAPORE (Oct 24): CIMB is keeping its “add” rating on Frasers Centrepoint Trust with a higher target price of $2.28, from $2.25 previously, despite a 1.5% dip in FCT’s 4Q distribution per unit (DPU).

Gross revenue for 4Q16 was $44.6 million, down 6% compared to the same period last year.

Northpoint and Changi City Point contributed lower revenues due to asset enhancement initiative (AEI) works at Northpoint and vacancy due to changeover in an anchor tenant at Changi City Point.

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.

Frasers Centrepoint Trust a defensive shelter in low-yield environment

SINGAPORE (July 18): RHB is maintaining its “buy” call for Frasers Centrepoint Trust (FCT), with a target price of $2.22 on the back of strong rental reversions in 3QFY16. The research house also likes FCT malls for its stable and resilient rental income as investors continue to hunt for yield instruments amidst increasing uncertainties.

Frasers Centrepoint Trust posts steady 3Q DPU of 3.04 cents

SINGAPORE (July 15): Frasers Centrepoint Trust (FCT) is declaring a distribution per unit (DPU) of 3.04 cents for the 3Q16 ended June, up 0.1% from the same quarter a year ago.

This brings the total DPU for the 9 months ended June to 8.949 cents, which is 2.3% higher than the same period a year ago.

Gross revenue for 3Q was $45 million, which was 4.4% lower compared with the year ago period. Property expenses for the quarter was 2.6% lower at $13.9 million.

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