Frasers Centrepoint Asset Management Ltd., the manager of Frasers Centrepoint Trust (FCT), has announced a robust performance for the first half of 2025, reporting a Distribution per Unit (DPU) of 6.054 pence, up from 6.022 pence in the same period last year. This increase reflects a positive trend in rental reversions and occupancy rates across its retail portfolio.
FCT’s gross revenue for the period rose by 7.1% year-on-year to $184.4 million, whilst net property income increased by 7.3% to $133.7 million. The Trust’s committed occupancy remained high at 99.5%, and rental reversions averaged a 9.0% increase. Shopper traffic and tenant sales also saw year-on-year growth of 1.0% and 3.3%, respectively.
Richard Ng, CEO of FCAM, highlighted the strategic acquisition of Northpoint City South Wing for $1.17 billion as a significant step in strengthening FCT’s position in Singapore’s suburban retail market. The acquisition was supported by a successful capital raise of approximately $421.3 million through private placement and preferential offering.
Looking ahead, FCT anticipates continued growth driven by population increases from new housing developments and rising household incomes. The Trust plans to focus on strategic acquisitions and proactive capital management to enhance its portfolio value. Despite potential challenges from interest rate fluctuations and rising operating expenses, FCT remains optimistic about maintaining its business resilience due to its focus on essential trades and services.
The asset enhancement initiative at Hougang Mall, which began in April 2025, is part of FCT’s ongoing efforts to refresh its retail offerings, with 64% of the spaces already pre-committed. The initiative is expected to complete by the third quarter of 2026.
“`
