Frasers Centrepoint Could Use Sale Proceeds to Fund Asset Enhancement

Dow Jones07-01

0658 GMT - Frasers Centrepoint Trust is likely to use its improved debt capacity from the sale of its White Sands property to fund its existing asset enhancement initiatives, says DBS Group Research's Tabitha Foo in a note. The Singapore-listed real-estate investment trust likely sold White Sands to de-risk its balance sheet amid higher-for-longer interest rates and focus on its core malls, she says. While the REIT's distribution per unit is likely to drop due to the sale, she views this as a short-term pain that is unlikely to be an overhang for Frasers Centrepoint's units. DBS maintains its buy rating and target price of 2.75 Singapore dollars. Units are down 1.3% at S$2.23. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 01, 2026 02:58 ET (06:58 GMT)

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While the REIT's distribution per unit is likely to drop due to the sale, she views this as a short-term pain that is unlikely to be an overhang for Frasers Centrepoint's units. DBS maintains its buy rating and target price of 2.75 Singapore dollars. Units are down 1.3% at S$2.23. 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The Singapore-listed real-estate investment trust likely sold White Sands to de-risk its balance sheet amid higher-for-longer interest rates and focus on its core malls, she says. While the REIT's distribution per unit is likely to drop due to the sale, she views this as a short-term pain that is unlikely to be an overhang for Frasers Centrepoint's units. DBS maintains its buy rating and target price of 2.75 Singapore dollars. Units are down 1.3% at S$2.23. 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While the REIT's distribution per unit is likely to drop due to the sale, she views this as a short-term pain that is unlikely to be an overhang for Frasers Centrepoint's units. DBS maintains its buy rating and target price of 2.75 Singapore dollars. Units are down 1.3% at S$2.23. 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