Frasers Centrepoint Trust, or FCT, is a notable Singaporean real estate investment trust that primarily targets suburban retail malls. Having made its debut in 2006 and subsequently listed on the Singapore Exchange, FCT has carved a niche in managing a collection of strategically situated malls that thrive in residential neighborhoods known for robust shopper attendance. Among its significant holdings are recognizable names such as Causeway Point, Northpoint City North Wing, and Waterway Point, of which FCT owns a 50% stake. Other prominent assets include Tampines 1, Century Square, White Sands, and Hougang Mall. These malls consistently draw consumers due to their convenient accessible locations, a diverse mix of essential retail services, and a solid lineup of tenants, which spans from supermarkets and dining outlets to critical service providers.
In recent developments, FCT has been actively optimizing its portfolio by offloading non-core properties while boosting its stakes in high-performing ones, exemplified by its increased share in Waterway Point. The suburban retail sector in Singapore has shown remarkable resilience, positioning FCT as an appealing choice for income-driven investors looking for steady dividends coupled with growth prospects in the long run.
