Frasers Centrepoint Asset Management Ltd. (FCAM), the manager of Frasers Centrepoint Trust (FCT), has announced a distribution per unit (DPU) of 6.059 pence for the second half of 2025, culminating in a total DPU of 12.113 pence for the financial year ending 30 September 2025. This strong performance is attributed to the acquisition of Northpoint City South Wing for $1.17b, cementing FCT’s position as Singapore’s largest suburban retail mall owner.
The acquisition, completed in May 2025, alongside the divestment of Yishun 10 Retail Podium for $34.5m, reflects FCT’s proactive portfolio management strategy. Richard Ng, CEO of FCAM, highlighted the resilience of FCT’s suburban retail portfolio and the success of its asset management strategies. “FCT has delivered another strong set of results for FY25,” he stated.
FCT’s financial health remains robust, with gross revenue for FY25 rising 10.8% year-on-year to $389.6m, and net property income increasing by 9.7% to $278.0m. The retail portfolio’s committed occupancy stands at 98.1%, with a rental reversion of +7.8% year-on-year. Shopper traffic and tenant sales also saw increases of 1.6% and 3.7% respectively.
The trust’s commitment to sustainability is evident in its green financing initiatives, with 90.1% of its borrowings now in green loans. Additionally, FCT’s efforts in sustainability were recognised with a 5-Star rating in the 2025 GRESB Real Estate Assessment.
Looking forward, FCT plans to continue enhancing its assets through asset enhancement initiatives and other portfolio strategies, supported by Singapore’s resilient suburban retail sector. The limited supply of new retail space in Singapore is expected to underpin the sector’s stability and growth.
