Dogecake
2022-07-11

$FRASERS CENTREPOINT TRUST(J69U.SI)$Frasers Centrepoint Trust, or FCT, is a pure-play Singapore suburban retailREITwith a portfolio of nine malls.

The malls are well-connected to MRT stations and enjoy high recurring shopper traffic as they serve mainly heartlanders living in HDB estates.

More than half of FCT’s gross rental income (GRI) is tagged to essential services, which are more resilient during a downturn.

Shopper traffic hit 73% of pre-COVID levels in April, but tenant sales have exceeded the pre-pandemic levels by 12%.

This statistic shows that people are spending more per trip and bodes well for the REIT.

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Comments

  • CharlesW
    2022-07-14
    CharlesW
    Hopefully no more lock downs which will affect FCT.
  • gupzbajaj
    2022-07-11
    gupzbajaj
    pls like
  • KCSUO
    2022-07-11
    KCSUO
    Suburban power house
  • Shirleyopy
    2022-07-14
    Shirleyopy
    Payout is more than EpS
  • MortimerDodd
    2022-07-13
    MortimerDodd
    What a good post, I learned a lot.
  • SPOT_ON
    2022-07-13
    SPOT_ON
    skip....  centrepoint mall is outdated
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