With the increase in net income of 3% by Capitamall Trust for 1Q2015 (mentioned here), it is not a surprise that Fraser Centrepoint Trust (FCT) results were positive as well ^^
FCT did better as its increase was a whooping 14.4%! Distributable per unit increased by 6.2%, a pretty good figure.
"FCT’s property portfolio comprises the following suburban retail properties in Singapore: Causeway Point, Northpoint, Anchorpoint, YewTee Point, Bedok Point and Changi City Point..The Properties are strategically located in various established residential townships, and have a large and diversified tenant base covering a wide variety of trade sectors. "
And with that, I totally agree.
If you are looking at a good source of passive income, this is a stock to consider :D
The management has been keeping a good track record of managing its malls and increasing shareholders value. Any concerns you might have over this counter, either in terms of wale, debt expiry, rental reversions or price valuation?
ReplyDeleteHi B,
ReplyDeleteThank you for your comment. I have come up with a new blog post that address some of these issues. :)