Frasers Centrepoint Trust (“FCT”) is a leading developer-sponsored retail real estate investment trust (“REIT”) with total assets of approximately S$6.7 billion. FCT is also one of the largest suburban retail mall owners in Singapore. Its Singapore retail portfolio comprises 10 retail malls located in the suburban regions of Singapore. The 10 malls include Causeway Point, Northpoint City North Wing (including Yishun 10 Retail Podium), YewTee Point, Changi City Point, Waterway Point (40%-interest), Tiong Bahru Plaza, White Sands, Hougang Mall, Century Square and Tampines 1. These retail malls are near homes and within minutes to transportation amenities.
The Singapore retail portfolio has approximately 2.3 million square feet of net lettable area with over 1,500 leases with a strong focus on necessity spending, food & beverage and essential services. FCT’s retail malls enjoy stable and recurring shopper footfall supported by commuter traffic and residential population in the catchment areas. FCT also own an office building Central Plaza (integrated with Tiong Bahru Plaza as part of the mixed development) in Singapore and 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 an index constituent of several benchmark indices including the FTSE EPRA/ NAREIT Global Real Estate Index Series (Global Developed Index), the FTSE ST Real Estate investment Trust Index, the 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.