A consistently growing financial performance, resilient portfolio occupancy and debt profile, along with a rising distribution payout to unitholders over the last 10 financial years are reasons why I’ve invested in the retail REIT (and continuing to remain invested in it.)
Looking ahead, my opinion is that as the REIT’s retail malls are all located in heartland locations, they will continue to remain resilient as regardless whether or not there is a pandemic, people staying in the vicinity of the malls will continue to visit it to fulfil their daily needs and window shop (as heartland malls these days have more or less the same branded shops you will find in CBD malls.) As such, I am confident in the REIT continuing to report resilient results in the year ahead (unless the new Omicron variant situation were to worsen to the extent where the Singapore government will have to implement another round of ‘circuit breaker’ to slowdown the chain of transmission to prevent our healthcare resources from becoming overloaded – which at this point in time I think is very unlikely.)
With that, I have come to the end of my review of Frasers Centrepoint Trust’s results over the years. Please note that everything you’ve just read in this post are purely for informational purposes only, and that they do not represent any buy or sell calls for the REIT’s units. You’re strongly encouraged to do your own due diligence before making any investment decisions.
Disclaimer: At the time of writing, I am a unitholder of Frasers Centrepoint Trust.
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