{"id":77269,"date":"2025-02-09T05:47:35","date_gmt":"2025-02-09T05:47:35","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/frasers-centrepoint-trust-q3-fy2024-update-apr-2024-to-jun-2024\/"},"modified":"2025-02-09T05:47:35","modified_gmt":"2025-02-09T05:47:35","slug":"frasers-centrepoint-trust-q3-fy2024-update-apr-2024-to-jun-2024","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=77269","title":{"rendered":"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024)"},"content":{"rendered":"


\n<\/p>\n

\"\"<\/p>\n

Much of the business updates for Frasers Centrepoint Trust (FCT) tend to be rather boring, and that is a good thing to me.<\/p>\n

Whether you are a curious investor or just someone who loves a good mall trip, this Q3 FY2024 report by FCT has some interesting tidbits that might surprise you. From nearly full occupancy rates to upcoming tailwinds, FCT\u2019s update paints a picture of resilience in the face of high interest rates.<\/p>\n

You can view the presentation slides for the FCT Q3 FY2024<\/a> business updates here<\/a>.<\/p>\n

There Is Low New Retail Supply For Singapore<\/h2>\n

One new thing that I learnt from the presentation slides by Frasers Centrepoint Trust is that OCR refers to Outside Central Region.<\/p>\n

Scrolling through the update, I chanced upon this term, which I knew nothing about.<\/p>\n

\"1<\/figure>\n

A quick check here<\/a> revealed that Singapore is made up of 28 districts divided into three market segments.<\/p>\n

Instead of being geographically separated, these are based on their proximity to the central region.<\/p>\n

    \n
  1. Core Central Region (CCR) e.g. Orchard (District 9)<\/li>\n
  2. Rest of Central Region (RCR) e.g. Tiong Bahru (District 3)<\/li>\n
  3. Outside Central Region (OCR) e.g. Punggol (District 19)<\/li>\n<\/ol>\n

    FCT\u2019s Financial Position Is Healthy<\/h2>\n

    I have already shared about the debt situation for FCT<\/a> in a previous article.<\/p>\n

    \"2\"2<\/figure>\n

    FCT has not issued any hybrid securities, so its adjusted ICR and ICT are the same at 3.26x.<\/p>\n

    The leverage limit inched up slightly to 39.1%, but I think there is nothing to worry about at the moment.<\/p>\n

    Because it is higher than 2.5 times, FCT is able to increase its leverage limit beyond 45% (up to 50%) if necessary.<\/p>\n

    Almost 100% Committed Occupancy For FCT<\/h2>\n

    More than 99% committed occupancy has been achieved at every mall in FCT\u2019s portfolio, including Tampines 1, which is slated to relaunch in September 2024.<\/p>\n

    \"3\"3<\/figure>\n

    Good news is good news, there isn\u2019t much to say about this but investors should be glad to see the resilience of FCT.<\/p>\n

    Shopper Traffic and Tenants\u2019 Sales<\/h2>\n

    Shopper traffic is still slightly below the pre-COVID average, but interestingly, tenants\u2019 sales are way higher.<\/p>\n

    \"4\"4<\/figure>\n

    FCT Tailwinds For Upcoming Months<\/h2>\n

    Despite the high interest rate environment, there are positive tailwinds to be happy about.<\/p>\n

    The acquisition of the 24.5% effective interest in NEX (FCT now owns 50% in total) will make a full contribution from 2H FY2024 onwards. (see update in October 2024)<\/p>\n

    Tampines 1 AEI (asset enhancement initiative) is on schedule to be completed by September 2024 and will make a full contribution from FY2025. (see update in April 2025)<\/p>\n

    Frasers Centrepoint Trust has hinted that that they will announce plans for another AEI project to drive growth when the time is right.<\/p>\n

    Riding on the expectations that the next FOMC meeting will see a rate cut, FCT could be one of the early beneficiary when it comes to share price.<\/p>\n

    \n
    \"5\"5<\/figure>\n<\/div>\n

    Read About Frasers Centrepoint Trust<\/h2>\n

    I Use StocksCafe To Manage My Portfolio<\/h2>\n

    StocksCafe<\/a> is a one-stop portfolio management platform that provides you with insights and tools for better investment decisions.<\/p>\n

    \n
    \"6\"6
    Screenshot for one of my dividend portfolios<\/figcaption><\/figure>\n<\/div>\n

    If you are interested in tracking your portfolio (including Singapore Savings Bonds) with a high-quality tool that is super affordable, I am using\u00a0StocksCafe by Evan<\/a>\u00a0<\/strong>(click here to learn more<\/a><\/strong>).<\/p>\n

    You get a 1-month free trial to see if the tool is a good fit before paying a single cent!<\/p>\n

    \n
    \n

    Don\u2019t Miss These New Sign-Ups Promo Deals<\/p>\n<\/div>\n

    \n

    Trust \u2192 SGD10 FairPrice Vouchers<\/strong><\/p>\n

    MariBank \u2192 SGD10 Cash<\/strong><\/p>\n

    Webull \u2192 SGD120 Voucher<\/strong> (or SGD400 Cash)<\/p>\n

    Tiger Brokers \u2192 SGD100 Voucher<\/strong><\/p>\n

    Turtle Investor Readers \u2192<\/strong> Freebies<\/strong><\/p>\n<\/div>\n<\/div>\n

    \n
    \n
    \"Kevin\"\"Kevin\"<\/div>\n
    \n
    \n

    Kevin started Turtle Investor when his net worth languished at negative $25,755. His desire to turn things around led him to build passive income from investments and side hustles that pay for his daily expenses and vacations. You can learn more about Kevin here<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

    <\/div>\n\n","protected":false},"excerpt":{"rendered":"

    Much of the business updates for Frasers Centrepoint Trust (FCT) tend to be rather boring, and that is a good thing to me. Whether you are a curious investor or just someone who loves a good mall trip, this Q3 FY2024 report by FCT has some interesting tidbits that might surprise you. From nearly full […]<\/p>\n","protected":false},"author":1,"featured_media":77270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[11100,30706,30705,30707,39414,1313,4238],"dealstore":[],"offerexpiration":[],"class_list":["post-77269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-apr","tag-centrepoint","tag-frasers","tag-fy2024","tag-jun","tag-trust","tag-update"],"yoast_head":"\nFrasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024) - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=77269\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024) - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Much of the business updates for Frasers Centrepoint Trust (FCT) tend to be rather boring, and that is a good thing to me. Whether you are a curious investor or just someone who loves a good mall trip, this Q3 FY2024 report by FCT has some interesting tidbits that might surprise you. From nearly full […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=77269\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-09T05:47:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=77269#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=77269\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024)\",\"datePublished\":\"2025-02-09T05:47:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=77269\"},\"wordCount\":632,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=77269#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg\",\"keywords\":[\"APR\",\"Centrepoint\",\"Frasers\",\"FY2024\",\"Jun\",\"Trust\",\"Update\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=77269#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=77269\",\"url\":\"https:\/\/fivemor.com\/?p=77269\",\"name\":\"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024) - Som2ny Network\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=77269#primaryimage\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=77269#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg\",\"datePublished\":\"2025-02-09T05:47:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/fivemor.com\/?p=77269#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fivemor.com\/?p=77269\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/?p=77269#primaryimage\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg\",\"width\":1000,\"height\":560},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fivemor.com\/?p=77269#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fivemor.com\/?bp_activities=1\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fivemor.com\/#website\",\"url\":\"https:\/\/fivemor.com\/\",\"name\":\"Som2ny Network\",\"description\":\"Daily Deals\",\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fivemor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/fivemor.com\/#organization\",\"name\":\"Som2ny Network\",\"url\":\"https:\/\/fivemor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"width\":300,\"height\":86,\"caption\":\"Som2ny Network\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/fivemor.com\"],\"url\":\"https:\/\/fivemor.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024) - Som2ny Network","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fivemor.com\/?p=77269","og_locale":"en_US","og_type":"article","og_title":"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024) - Som2ny Network","og_description":"Much of the business updates for Frasers Centrepoint Trust (FCT) tend to be rather boring, and that is a good thing to me. Whether you are a curious investor or just someone who loves a good mall trip, this Q3 FY2024 report by FCT has some interesting tidbits that might surprise you. From nearly full […]","og_url":"https:\/\/fivemor.com\/?p=77269","og_site_name":"Som2ny Network","article_published_time":"2025-02-09T05:47:35+00:00","og_image":[{"width":1000,"height":560,"url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fivemor.com\/?p=77269#article","isPartOf":{"@id":"https:\/\/fivemor.com\/?p=77269"},"author":{"name":"admin","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371"},"headline":"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024)","datePublished":"2025-02-09T05:47:35+00:00","mainEntityOfPage":{"@id":"https:\/\/fivemor.com\/?p=77269"},"wordCount":632,"commentCount":0,"publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"image":{"@id":"https:\/\/fivemor.com\/?p=77269#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg","keywords":["APR","Centrepoint","Frasers","FY2024","Jun","Trust","Update"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fivemor.com\/?p=77269#respond"]}]},{"@type":"WebPage","@id":"https:\/\/fivemor.com\/?p=77269","url":"https:\/\/fivemor.com\/?p=77269","name":"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024) - Som2ny Network","isPartOf":{"@id":"https:\/\/fivemor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fivemor.com\/?p=77269#primaryimage"},"image":{"@id":"https:\/\/fivemor.com\/?p=77269#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg","datePublished":"2025-02-09T05:47:35+00:00","breadcrumb":{"@id":"https:\/\/fivemor.com\/?p=77269#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fivemor.com\/?p=77269"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/?p=77269#primaryimage","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/02\/FCT-Q3-2024.jpg","width":1000,"height":560},{"@type":"BreadcrumbList","@id":"https:\/\/fivemor.com\/?p=77269#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fivemor.com\/?bp_activities=1"},{"@type":"ListItem","position":2,"name":"Frasers Centrepoint Trust Q3 FY2024 Update (Apr 2024 To Jun 2024)"}]},{"@type":"WebSite","@id":"https:\/\/fivemor.com\/#website","url":"https:\/\/fivemor.com\/","name":"Som2ny Network","description":"Daily Deals","publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fivemor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fivemor.com\/#organization","name":"Som2ny Network","url":"https:\/\/fivemor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","width":300,"height":86,"caption":"Som2ny Network"},"image":{"@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","caption":"admin"},"sameAs":["https:\/\/fivemor.com"],"url":"https:\/\/fivemor.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/77269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77269"}],"version-history":[{"count":0,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/77269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/media\/77270"}],"wp:attachment":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77269"},{"taxonomy":"dealstore","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fdealstore&post=77269"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fofferexpiration&post=77269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}