FCT reports portfolio occupancy of 99.7% for 3QFY2024

Felicia Tan07-24

Units in FCT closed 1 cent lower or 0.46% down at $2.19 on July 24. Frasers Centrepoint Trust (FCT) has reported a portfolio occupancy of 99.7% for the 3QFY2024 ended June 30, 0.2 percentage points ...

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Frasers Centrepoint Trust (FCT) has reported a portfolio occupancy of 99.7% for the 3QFY2024 ended June 30, 0.2 percentage points ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/fct-reports-portfolio-occupancy-997-3qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FCT reports portfolio occupancy of 99.7% for 3QFY2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFCT reports portfolio occupancy of 99.7% for 3QFY2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-24 12:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/results/fct-reports-portfolio-occupancy-997-3qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Units in FCT closed 1 cent lower or 0.46% down at $2.19 on July 24. Frasers Centrepoint Trust (FCT) has reported a portfolio occupancy of 99.7% for the 3QFY2024 ended June 30, 0.2 percentage points ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/fct-reports-portfolio-occupancy-997-3qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AEI","symbol_name":"Alset EHome International Inc.","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/results/fct-reports-portfolio-occupancy-997-3qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2454865118","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454865118","pubTimestamp":1721794937,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Units in FCT closed 1 cent lower or 0.46% down at $2.19 on July 24. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AEI":"Alset EHome International Inc.","BK6011":"零售业房地产投资信托","BK6137":"零售房地产信托","FCT":"FCT浮动利率基金","J69U.SI":"星狮地产信托","BK4563":"昨日强势股","BK6512":"房地产股","BK4024":"房地产开发"},"translate_title":"FCT报告2024财年第三季度投资组合入住率为99.7%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AEI":1,"FCT":1,"J69U.SI":1},"content_text":"Units in FCT closed 1 cent lower or 0.46% down at $2.19 on July 24. Frasers Centrepoint Trust (FCT) has reported a portfolio occupancy of 99.7% for the 3QFY2024 ended June 30, 0.2 percentage points lower q-o-q but 1 percentage point higher y-o-y.\nShopper traffic during the quarter increased by 4.1% while tenants’ sales was up by 0.7%.\nIn the 3QFY2024, the REIT’s aggregate leverage stood at 39.1%, higher than the previous quarters’ 38.5% but lower than the 3QFY2023’s 40.2%.\nFCT’s all-in average cost of debt stood at 4.1%, stable q-o-q and up from 3.9% in the 3QFY2023.\nFollowing its asset enhancement initiative (AEI) for Tampines One, the mall achieved 100% committed occupancy. The AEI is on track to be completed by September this year with projected return on interest (ROI) outperforming by 8% from its target.\nIn its update, FCT is upbeat on its prospects, citing CBRE Research’s outlook that overall prime retail rents may sustain recovery in 2024.\nDuring the 2Q2024, suburban prime retail rents were up by 0.3% q-o-q and 2.6% y-o-y, according to CBRE’s data. 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