![Frasers Centrepoint Trust - CIMB Research 2015-10-22: Continues to deliver Frasers Centrepoint Trust - CIMB Research 2015-10-22: Continues to deliver](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEmdAUYHBbAmWd2E_yW4q6VmHfBl3oCEfoPXEnqoilWGzmAJo0OGtFmG_jw3pqXv1RbUumdYPSJaIG4IDeaZJTKEeDrcbLkDvdKhByVV1qRmJaddnDRnpcCcPqFgluAEy3ihDB1-408oYe/s1600/FrasersCenterpointTrust+500.png)
Frasers Centrepoint Trust - Continues to deliver
- 4QFY15 DPU grew 2.7% yoy, led by higher rental revenue and lower financing costs.
- Portfolio occupancy remains high at 96%.
- Increasing shopper traffic and rising tenant sales underpin ability to grow rents
- Northpoint AEI to commence in Mar 2016.
- Maintain Add, with DDM-based target price of S$2.22 .
No comments:
Post a Comment