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Frasers Centrepoint Trust

Frasers Centrepoint Trust

SSGX:J69U
2.18
SGD
+0.07
(+3.32%)
0.21EPS
10.72P/E
2.50BMarket Cap
Apr 27Next Earn
Frasers Centrepoint Trust
SGX:J69U
(Singapore Exchange)

Recent

price

2.18

P/E

ratio

10.72

div

yld

5.26%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
SGD
0.15
0.15
0.18
0.19
0.2
0.2
0.2
0.19
0.21
0.2
0.15
0.2
0.21
0.22
0.2
- -
0.18
Revenue per Share
0.13
0.19
0.22
0.35
0.19
0.19
0.13
0.21
0.18
0.21
0.14
0.1
0.12
0.12
0.11
- -
0.21
Basic EPS, GAAP
0.11
0.09
0.12
0.14
0.12
0.13
0.14
0.13
0.15
0.13
0.07
0.12
0.14
0.14
0.12
- -
0.12
Free Cash Flow per Basic Share
0.08
0.08
0.09
0.11
0.11
0.11
0.12
0.12
0.12
0.11
0.08
0.09
0.12
0.12
0.12
- -
0.11
Dividend per Share
1.28
1.39
1.52
1.75
1.84
1.89
1.91
2.01
2.06
2.19
2.25
2.3
2.32
2.32
2.29
- -
2.19
Book Value per Share
1.28
1.39
1.52
1.75
1.84
1.89
1.91
2.01
2.06
2.19
2.25
2.3
2.32
2.32
2.29
- -
2.19
Tangible Book Value per Share
728
782
832
833
865
926
928
932
935
1,001
1,122
1,676
1,707
1,712
1,782
1,915
1,096
Basic Weighted Avg Shares
110
118
147
158
169
189
184
182
193
196
164
341
357
370
352
- -
197
Sales/Revenue/Turnover
48.32
44.99
63.01
62.85
61.83
61.3
62.34
62.26
62.31
61.75
55.27
61.89
62.5
61.2
60.7
- -
60.43
Operating Margin (%)
- -
-2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
95
152
186
288
165
171
123
194
167
206
152
169
207
212
198
- -
227
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.01
0.05
2.1
- -
0.12
- -
- -
0.02
Effective Tax Rate (%)
86.7
129.16
126.06
182.18
97.81
90.61
67.16
106.78
86.28
104.87
92.27
49.43
58.07
57.33
56.16
- -
114.94
Profit Margin (%)
-328
-175
-83
-77
-106
-306
-253
-184
-255
-349
-171
-271
-457
-95
-392
- -
-309
Working Capital
155
404
519
529
644
440
516
646
596
745
997
1,604
1,419
1,842
1,708
- -
783
LT Debt
992
1,152
1,263
1,462
1,699
1,755
1,776
1,872
1,934
2,471
2,538
3,919
3,964
3,973
4,161
- -
2,475
Total Equity
4.13
3.35
5.22
5.1
4.65
4.72
4.6
4.36
4.45
3.49
2.38
3.81
- -
3.71
- -
- -
3.37
Return on Invested Capital (%)
7.41
9.63
11.44
15.67
8.14
7.74
5.61
8.14
6.87
7.33
4.87
4.42
- -
4.86
- -
- -
7.94
Return on Capital (%)
10.82
14.21
15.37
21.12
10.44
9.93
6.99
10.63
8.77
9.35
6.06
5.22
5.26
5.34
4.86
- -
10.29
Return on Common Equity (%)

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'20
Mar'20
ST Debt
295
188
360
LT Borrowings
745
863
783
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,127
1,129
1,129
Market Capitalization
3,059
3,140
2,504

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'20
Mar'20
Total Current Assets
16
17
111
Cash, Cash Equivalents & STI
13
13
105
Accounts Receivable, Net
1
3
6
Inventories
- -
- -
- -
Total Current Liabilities
365
243
420
Payables & Accruals
- -
- -
- -
ST Debt
295
188
360
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
352
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.11
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.12
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Frasers Centrepoint Trust is a developer-sponsored retail real estate investment trust (REIT) focused on income-producing suburban retail properties primarily in Singapore. Its core assets comprise retail malls including Causeway Point, Century Square, Hougang Mall, NEX (50% interest), Northpoint City (100% ownership after acquisition of South Wing), Tampines 1, Tiong Bahru Plaza, Waterway Point (50% interest), White Sands, and the office building Central Plaza. These properties provide approximately 3 million square feet of net lettable area with around 1,900 leases focusing on necessity spending, food & beverage, and essential services. The retail portfolio benefits from proximity to residential areas and transportation amenities, securing stable, recurring shopper footfall. The trust targets suburban retail shopping centers serving local communities across Singapore. Founded in 2006 and headquartered in Singapore, Frasers Centrepoint Trust is among the largest suburban retail mall owners in the country with assets under management valued at about S$8.3 billion. The trust regularly implements asset enhancement initiatives to increase rental yields and property valuations. Recent major changes include the significant acquisition of the South Wing of Northpoint City for S$1.17 billion in March 2025, which brought 100% ownership of the entire Northpoint City mall, a key suburban retail hub connected to Yishun MRT and bus interchange. This acquisition consolidates FCT's market share in suburban malls and enables holistic asset enhancement and tenant mix strategies to unlock value. Additionally, in September 2025, FCT completed the divestment of ten strata lots at Yishun 10 for S$34.5 million, with proceeds aimed at reducing debt and strengthening financial leverage. These moves demonstrate FCT's strategic expansion and portfolio management focus in Singapore's retail real estate sector. Frasers Centrepoint Trust operates within the retail real estate industry, catering mainly to necessity-based retail tenants and serving suburban residential populations. The trust is managed by Frasers Property Limited and maintains a strategic emphasis on stable income generation and long-term asset value growth within Singapore's suburban market.