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1 Comment
Frasers Centrepoint Trust is currently in a long term uptrend where the price is trading 1.7% above its 200 day moving average.
From a valuation standpoint, the stock is 84.9% more expensive than other stocks from the Real Estate sector with a price to sales ratio of 17.3.
Frasers Centrepoint Trust's total revenue rose by 33.5% to $64M since the same quarter in the previous year.
Its net income has dropped by 35.1% to $78M since the same quarter in the previous year.
Finally, its free cash flow fell by 92.1% to $10M since the same quarter in the previous year.
Based on the above factors, Frasers Centrepoint Trust gets an overall score of 2/5.
| CurrencyCode | SGD |
|---|---|
| Exchange | SG |
| ISIN | None |
| Sector | Real Estate |
| Industry | REIT-Retail |
| Target Price | 2.37 |
|---|---|
| Dividend Yield | 5.3% |
| Market Cap | 4B |
| Beta | 0.52 |
| PE Ratio | 19.58 |
Frasers Centrepoint Trust ("FCT") is a leading developer-sponsored retail real estate investment trust ("REIT") and one of the largest suburban retail mall owners in Singapore with total assets of approximately S$6.7 billion. FCT's current property portfolio comprises 11 retail malls9 and an office building located in the suburban regions of Singapore, near homes and within minutes to transportation amenities. The retail portfolio has over 2.3 million square feet of net lettable area with over 1,500 leases with a strong focus on providing for necessity spending, food & beverage and essential services. The portfolio comprises Causeway Point, Northpoint City North Wing (including Yishun 10 Retail Podium), Anchorpoint, YewTee Point, Changi City Point, Waterway Point (40%-interest), Tiong Bahru Plaza, White Sands, Hougang Mall, Century Square and Tampines 1) and an office property (Central Plaza). FCT's malls enjoy stable and recurring shopper footfall supported by commuter traffic and residential population in the catchment. FCT also holds a 31.15% stake in Hektar Real Estate Investment Trust, a retail-focused REIT in Malaysia listed on the Main Market of Bursa Malaysia Securities Berhad. FCT is index constituent of several benchmark indices including the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index), FTSE ST Real Estate investment Trust Index, MSCI Singapore Small Cap Index and the SGX iEdge S-REIT Leaders Index. Listed on the Main Board of the Singapore Exchange Securities Trading Limited since 5 July 2006, FCT is managed by Frasers Centrepoint Asset Management Ltd., a real estate management company and a wholly-owned subsidiary of Frasers Property Limited.
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