DBS, OCBC maintain ‘Buy’ on Frasers Centrepoint Trust given strong rents, occupancies


DBS Equity Research and OCBC Investment Research have both maintained their respective ‘Buy’ ratings on Frasers Centrepoint Trust (FCT), citing strong occupancy and rental reversion numbers.

The REIT reported a distribution per unit (DPU) of 3.02 Singapore cents for its 1Q 2019, an increase of 0.7% year-on-year.

Correspondingly, the retail-focused REIT’s gross revenue grew by 2.9% to SGD49.3 million (USD36 million).

To read the full article, please login or subscribe.


Comments are closed.