Frasers Centrepoint Trust - OCBC Investment -2015-10-23: Steady 4QFY15 results

FRASERS CENTREPOINT TRUST J69U.SI 

Frasers Centrepoint Trust: Steady 4QFY15 results 

 4QFY15 DPU +2.7% YoY 

 Positive rental reversions of 6.3% for FY15 

 AEI on Northpoint to commence in Mar 2016 

4QFY15 results met our expectations 

• Frasers Centrepoint Trust's (FCT) 4QFY15 gross revenue grew 1.7% YoY to S$47.5m, while DPU rose 2.7% to 2.859 S cents. This was within our expectations. 
• For FY15, FCT's gross revenue and DPU increased 12.1% and 3.8% to S$189.2m and 11.608 S cents, respectively, and constituted 98.6% and 98.9% of our full-year forecasts. 

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