Frasers Centrepoint Trust

J69U.SI : Singapore Exchange

2.160

0.00%

Share Price in SGD. As of 28 May 17:04:20 SGT

Frasers Centrepoint Trust announced dividend per share (DPS) of S$0.02

25 Apr 2024 • Upcoming dividend

Chart

Key stats

  • 52-Week High
    SGD 2.330
  • 52-Week Low
    SGD 2.010
  • Market Cap
    SGD 3.9B
  • Avg Volume
    2.4M
  • P/E Ratio (TTM)
    19.64
  • Forward Dividend Yield
    5.51%

Share Price Performance

J69U.SI
Market
1 Day -0.92% 0.07%
5 Day -0.92% 0.67%
1 Month 2.37% 1.13%
6 Month -0.92% 8.62%
YTD -4.00% 3.10%
1 Year -0.46% -1.30%
5 Year -16.70% 0.89%
Include dividend return

All

Market Analysis

Consensus Share Price Target

Price Target: $2.443

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 28 May 2024

Analyst Ratings

  • CGS-CIMB

    26 Oct 2023

    Add

    2.520

    (prev 2.620)

  • DBS Research

    04 Jan 2024

    Buy

    2.600

  • Maybank Research

    23 Jan 2024

    Buy

    2.400

    (prev 2.250)

  • OCBC Investment

    23 Jan 2024

    Buy

    2.460

    (prev 2.350)

  • Phillip Securities

    02 Jan 2024

    Add

    2.290

    (prev 2.350)

  • RHB Invest

    25 Jan 2024

    Neutral

    2.300

  • UOB Kay Hian

    06 Feb 2024

    Buy

    2.730

    (prev 2.700)

Analyst Reports

Beansprout Insights

Beansprout's Checklist

  • Fundamental

    Occupancy Rate of 99.80% is higher than sector average of 95.17%

  • Financial

    Gearing Ratio of 37.20% is higher than sector average of 36.46%

  • Valuation

    Dividend Yield of 5.51% is lower than sector average of 6.26%

Revenue Breakdown by Asset

Revenue Breakdown by Geography

Valuation

Price to book (P/B) ratio

Current P/B
1
Historical Average P/B
1

Frasers Centrepoint Trust's current P/B ratio of 1x is lower than its historical average P/B ratio of 1x.

Earnings

Earnings Highlights

1H24 Results Summary

  • Revenue: SGD 172.21M

    Decreased 7% Year-on-Year

    The declines were due to lower contributions from Changi City Point which was divested in October 2023 and from Tampines 1 due to the ongoing AEI works.

  • Net Property Income (NPI): SGD 124.61M

    Decreased 8% Year-on-Year

    The declines were due to lower contributions from Changi City Point which was divested in October 2023 and from Tampines 1 due to the ongoing AEI works.

  • Portfolio Occupancy: 99.9%

    Increased 1% Year-on-Year

    The retail portfolio registered committed occupancy of 99.9%, up 0.7%-points y-o-y and steady quarter-on-quarter.

  • Rental Reversion: 7.5%

    Increased 3% Year-on-Year

    The retail portfolio achieved 7.5% rental reversion for 1H24 on the back of healthy leasing traction, which is higher than the 4.3% achieved for 1H23.

  • Distribution Per Unit (DPU): SGD 0.06

    Decreased 2% Year-on-Year

  • Leverage/Gearing: 39%

    FCT's financial position is stable with aggregate leverage at 38.5% as at 31 March 2024, a slight increase from 37.2% a quarter ago.

Earnings per share (EPS)

The latest earnings per share is $0.12, which is similar to the earnings per share of $0.12 in 2022.

Financials

Financial Statements

25 Oct 2023

Full Yearly Results

For period ending 30 Sep 2023

Annual Reports

22 Dec 2023

Annual Report

For period ending 30 Sep 2023

News

Profile

Company Description

Frasers Centrepoint Trust (FCT) is a Retail Real Estate Investment Trust focused on growing shareholder value for its unitholders through active asset management, sound financial management and strategic investments. FCT invests primarily in quality income-producing retail properties and its initial portfolio consists of three quality suburban malls with a combined appraised value of S$936 million as at 30 September 2006. These well-established malls: Causeway Point, Northpoint and Anchorpoint, enjoy wide captive markets, good connectivity and high occupancy which provide the basis for a strong and sustainable income stream. As a developer-sponsored REIT, FCT has the ability to tap into Frasers Centrepoint Limited’s strong pipeline of quality assets and offers investors a greater investment potential through its acquisition growth strategy and active asset enhancement initiatives. Listed on the Main Board of the Singapore Exchange since 5 July 2006, FCT is managed by Frasers Centrepoint Asset Management, the real estate and fund management division of Frasers Centrepoint Limited.

FAQ

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