On 24th July 2025, Frasers Centrepoint Trust announced its 3Q25 business updates. As this is only a business update, the manager of Frasers Centrepoint Trust will only share the Frasers Centrepoint Trust’s operational performance. There will be no updates related to financial performance.
As you can see from the key highlights that I have shared above, occupancy remained health and stable at 99.9%. Shopper traffic and tenants’ sales at its malls also increased 2.1% and 4.4% respectively. More details about its debt can be found further below.
In 3Q25, the acquisition of Northpoint City South Wing further strengthened Frasers Centrepoint Trust’s portfolio, offering organic growth through potential asset enhancement initiatives and cost savings over time. The manager had also successfully completed equity fund raising of $421.3
million. Frasers Centrepoint Trust issued $200 million of perpetual securities at a competitive pricing of 3.98%.
Let us look into more details below on its debt and occupancy.
Frasers Centrepoint Trust 3Q25 Debt
Frasers Centrepoint Trust’s aggregate leverage stood high at 42.8%. However, the manager shared that aggregate leverage can be lowered to 40.4% at a proforma basis, assuming repayment of loans from proceeds of perpetual securities. In 3Q25, cost of debt also reduced to 3.7%.
Frasers Centrepoint Trust has a credit rating of Baa2 (Stable) by Moody’s. Moody’s Baa2 (Stable) rating means the issuer is considered to have moderate credit risk with no expected change in rating in the near future.
Frasers Centrepoint Trust 3Q25 Occupancy
As shared earlier, Frasers Centrepoint Trust’s occupancy remained high at 99.9%. This excludes Hougang Mall due to ongoing Asset Enhancement Initiative (AEI) works. Hougang Mall’s AEI commenced in April 2025 and is targeted to complete by September 2026.
With the acquisition of Northpoint City South Wing completed in May 2025, its 100% is a boost to Frasers Centrepoint Trust’s portfolio.
Frasers Centrepoint Trust Share Price and Dividend Yield
What is Frasers Centrepoint Trust share price? Frasers Centrepoint Trust share price closed at S$2.20 on Friday. As you can see from the above price chart, Frasers Centrepoint Trust’s share price has been on an uptrend. Based on Frasers Centrepoint Trust FY24 full year distribution of 12.042 cents and closing price of S$2.20, Frasers Centrepoint Trust dividend yield is 5.47%.
Summary of Frasers Centrepoint Trust 3Q25 Business Updates
Based on Frasers Centrepoint Trust 3Q25 business updates, the pros are
- Shopper traffic and tenants’ sales at its malls also increased 2.1% and 4.4% respectively.
- Occupancy remained high at 99.9%.
- Credit rating of Baa2 (Stable).
The cons are:
- High aggregate leverage at 42.8%.
- Loss of contribution from Hougang Mall due to AEI works which is expected to complete by 3Q 2026.