Waterway Point, of which a stake is being acquired by Frasers Centrepoint Trust. (Photo: REITsWeek)Waterway Point, of which a stake has been acquired by Frasers Centrepoint Trust. (Photo: REITsWeek)

Data from Frasers Centrepoint Trust’s latest disclosure have been updated into the Singapore REITs table.

Frasers Centrepoint Trust (FCT) disclosed on 22 July that shopper traffic into its properties between April and June 2021 fell to around 60% of pre-COVID levels.

The REIT has attributed this to the implementation of Phase 2 (HA) measures enacted by the Singapore government.

However, portfolio tenants’ sales nudged back to around pre-COVID levels despite the tightened measures.

Tenants’ retail sales value in May 2021 has also recovered to about 115% year-on-year.

The REIT has attributed this performance to the resilience of its portfolio, which comprises mostly suburban malls.

FCT’s latest disclosure on its business operations can be viewed here.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.