Disclaimer: Materials in this blog are based on my research and opinion which I don't guarantee the accuracy, completeness, and reliability. On 28 September 2020, Frasers Centrepoint Trust unitholders approved the acquisition of the remaining 63.1% stake in AsiaRetail Fund Limited (ARF) from its sponsor, Frasers Property Limited (SGX: TQ5). SREITs Dashboard Updates - Revamped Price Relativ... REIT Posts of the Week @ 21 November 2020, OUE Commercial Trust Analysis @ 19 November 2020, Cromwell European REIT Analysis @ 18 November 2020, EC World REIT Analysis @ 17 November 2020. Frasers Centrepoint Trust’s forecast distribution yield of 5.2% looks tasty for yield-hungry investors. The ISIN Code is SG1T60930966. We lowered Frasers Centrepoint Trust’s, or FCT’s, fair value estimate to SGD 2.60 per unit from SGD 2.66 after making minor adjustments and rolling forward our earnings model. However, this was an improvement from the 27.7% year-on-year plunge seen in June 2020. Rental reversions positive at 4.2%. FHT was listed with an initial portfolio of 12 properties worth S$1.67 billion. Before joining the Seedly hood, I had the chance to co-author a Singapore-themed investment book – "Invest Lah! FRASERS Centrepoint Trust's (FCT) private placement has closed about 2.8 times subscribed and priced at the bottom end of the range, with the upsize option not exercised. Frasers CentrePoint Trust. Our opinion and assessment are based on the information provided and prevailing market data as at the date of this valuation report. 1. Its two largest assets are Causeway Point and Northpoint. During the quarter, the REIT retained 50% of its distributable income to “preserve financial flexibility in current time of uncertainty”. Among my friends, the talk of the town was Frasers CentrePoint Trust‘s 33.3% acquisition of Waterway Point. 1. It should not be taken as financial advice or a statement of fact. Performance Review. 10. Apart from potentially doubling of AUM; Frasers Centrepoint Trust will be the eighth-largest S-REIT. Overall, the mall has achieved growth in gross revenue, from S$45.7 million in 2007 to S$84.7 … RHB Research 2015-07-06 (REIT): Weekly Review Report - Weekly Review Report - Maintain NEUTRAL, BUY Frasers Centrepoint Trust, Starhill Global REIT, CapitaLand Mall Trust … It certainly looks like since Phase 2 started on 19 June 2020, retail sales have picked up. Moody’s Investors Service said on Wednesday it placed Frasers Centrepoint Trust’s Baa1 issuer rating on review for downgrade after the trust’s announcement it entered deals to acquire an around 17 percent stake in PGIM Real Estate AsiaRetail Fund. You also have to add some extra … Management fee is not competitive in which unitholders receive S$ 5.49 distribution for every dollar paid to the manager. Even though the recovery has not been back to the pre-COVID levels, things are still looking good. Causeway Point’s key tenants include Metro, Courts and Cold Storage. FCT intends to use the difference … Advertisement ... Frasers Centrepoint Trust J69U Morningstar Rating Occupancy is healthy at 94.9%. Debt Profile of Frasers Centrepoint Trust over a 10-Year Period Before I add any REIT to my long-term investment portfolio, I will first make sure that it does not take on too much debt, and that the REIT’s gearing ratio is some distance away from the regulatory limit of 45.0% (this is so that the REIT is able to make further yield accretive acquisitions should a good opportunity comes along.) After accounting for the incremental rental waivers, FY20 DPU of 9.042 cents was broadly in line, at 93.0% of our estimate. High occupancy of 94.9% maintained. Let’s analyse the numbers and see whether it makes sense to buy the shares. As its portfolio of suburban malls are located near transportation nodes, they should be high on retailers’ priority list when they review their consolidation plans. Here are some of them: The acquisition, together with the sale of Bedok Point and a proposed equity fundraising, is expected to improve distribution per unit (DPU) by up to 8.6% (assuming the transactions took place on 30 September 2019). Under no circumstances does the information presented on this blog represent a buy, sell, or hold recommendation on any security, please always do your own due diligence before any decision is made. Gearin ratio is healthy at 35.9%. Explore Frasers Property, a diverse, multi-national property company | In residential, retail, commercial, industrial, logistics, hospitality development and management, we believe experience matters. So there is a gamble. Distribution on capital is slightly low at 2.9%. China Retail Focused REITs/BizTrust Comparison @ N... REIT Posts of the Week @ 28 November 2020, U.S. Office Focused REITs Comparison @ November 2020. What is your view? Advertisement ... Frasers Centrepoint Trust J69U Morningstar Rating These properties are leased to independent hotel and service residence operators under long-term master lease agreements. Property yield is low at 4.6%. But we should also realise that it doesn’t include the adverse financial effects of COVID-19. Review J69U (XSES) dividend yield and history, to decide if J69U is the best investment for you. FCT has just completed its acquisition of ARF on 27 Oct and divestment of Bedok Point on 9 Nov. For more information, you could refer to: SREITs Dashboard - Detailed information on individual Singapore REIT, REIT Analysis - List of previous REIT analysis posts, REIT-TIREMENT Patreon - Support this blog as a Patron and get SREITs Dashboard PDF, REIT Investing Community - Facebook Group where members share and discuss REIT topic. It enjoys a 99.5% occupancy rate with a pool of 223 tenants. Rental reversions positive at 4.2%. Its two largest assets are Causeway Point and Northpoint. It was partially financed by debt and share placements. Frasers Centrepoint Trust (“FCT”) (SGX: J69U) recently released its fiscal year 2020 financial report ended 30 September 2020 (“FY 2020”).. FHT has eight properties currently leased under this arrangement: InterContinental Singapore, Frasers Suites Singapore, Frasers Suites Sydney, Frasers Place Glasgow, Frasers Suites Queens Gate, Frasers Place Ca… So there is a gamble. My idea is always not to over concentrate in single REIT sector, so even with retail and hospitality REITs beaten down, I would rather view it as an opportunity to accumulate those fundamental strong 1, with a long term horizon. The acquisition of the ARF properties brings about many benefits for Frasers Centrepoint Trust. 93.0 % of FCT ’ s analyse the numbers and see whether it makes sense to in. 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