Frasers Centrepoint Trust (FRZCF)

Overview

Frasers Centrepoint Trust (FCT) is a premier developer-sponsored retail real estate investment trust (REIT) based in Singapore, with a substantial presence as one of the largest owners of suburban retail malls in the region. The trust's portfolio includes ten retail malls and an office building strategically located in Singapore's suburban areas, ensuring they are easily accessible and benefit from high commuter traffic and a vast resident base. FCT's management is committed to serving the community's needs by focusing on necessity spending, food & beverage, and essential services, fostering stable and regular footfalls to their properties. Currently, FCT manages assets valued at approximately S$6.9 billion, reflecting the trust’s significant footprint in the retail real estate sector. Additionally, FCT is a constituent of several benchmark indices, including the FTSE EPRA/NAREIT Global Real Estate Index Series, which underscores its standing in the global real estate market. FCT is managed by Frasers Centrepoint Asset Management Ltd. (FCAM), aligning its operations with the broader objectives of Frasers Property Limited, its parent company, since its listing on the Main Board of the Singapore Exchange Securities Trading Limited on 5 July 2006.

Products and Services

• Retail Malls

  FCT's portfolio comprises ten meticulously selected retail malls and an office building, catering to a wide array of shopping and dining needs. These include Causeway Point, Century Square, Changi City Point, Hougang Mall, Northpoint City North Wing (including Yishun 10 Retail Podium), Tampines 1, Tiong Bahru Plaza, Waterway Point, and White Sands, each designed to serve the suburban populations. With about 2.9 million square feet of net lettable area and over 1,800 leases, these malls prioritize providing spaces for necessity spending, food & beverage outlets, and essential services, ensuring relevance and convenience to the surrounding communities.

• Office Properties

  Alongside its retail holdings, FCT's asset portfolio encompasses Central Plaza, an office property that complements its retail assets by providing workspaces catered to businesses seeking proximity to both retail amenities and suburban residential areas. This strategic inclusion diversifies FCT's portfolio and enhances its appeal to a broader range of tenants and visitors.

• Strategic Investments

  FCT holds a significant stake of 30.97% in Hektar Real Estate Investment Trust, a retail-focused REIT in Malaysia. This investment in Hektar REIT allows FCT to have a footprint in the Malaysian retail market, which is aligned with its strategic goal of expanding and strengthening its portfolio in the Southeast Asian region.