Frasers Centrepoint Trust property, Causeway Point. (Photo: REITsWeek)

Moody's Investors Service has affirmed Frasers Centrepoint Trust's (FCT) Baa1 issuer rating, and maintained a stable outlook on the retail-focused, Singapore-listed REIT.

Moody’s has cited the REIT’s portfolio of well-located suburban malls, and stability of income as a major reason behind the ratings.

The REIT has also exhibited a resilient operating track record on active lease management, and achieving positive rental reversions through economic cycles, said Moody’s.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.