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

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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).

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