J69U Stock Analysis: Frasers Centrepoint Trust | SG
REIT - Retail | SG, Singapore | Market Cap: 4.221m SGD | 12M Return: -8% | SG1T60930966 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 17.1M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Frasers Centrepoint Trust (FCT) is a Singapore-listed retail real estate investment trust and one of the largest suburban retail mall owners in Singapore, with assets under management of approximately S$6.5 billion. Its portfolio comprises nine retail malls and one office building located in suburban regions, with a retail net lettable area of approximately 2.9 million square feet and over 1,600 leases focused on necessity spending, food & beverage, and essential services. Key properties include Causeway Point, Century Square, Hougang Mall, NEX (25.5% effective interest), Northpoint North Wing, Tampines 1, Tiong Bahru Plaza, Waterway Point (50.0% interest), White Sands, and the office property Central Plaza.
FCT benefits from stable and recurring shopper footfalls supported by commuter traffic and the residential population within its catchment areas. It is a constituent of several benchmark indices, including the FTSE EPRA/NAREIT Global Real Estate Index Series, the Straits Times Index, and the SGX iEdge S-REIT Leaders Index. FCT has been listed on the Main Board of the Singapore Exchange since 5 July 2006 and is managed by Frasers Centrepoint Asset Management Ltd., a wholly owned subsidiary of Frasers Property Limited. As a retail REIT, FCT operates under a business model that typically mandates the distribution of a high proportion of taxable income to unitholders, and its suburban Singapore mall strategy is supported by the countrys high population density and limited new retail supply in mature residential catchments.
- Singapore interest rate hikes pressure distribution yields
- Frasers Property pipeline fuels acquisition-driven AUM growth
- Suburban tenant sales and footfall recovery boost rental reversions
| Net Income: 197.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -1.41 > 1.0 |
| NWC/Revenue: -16.28% < 20% (prev -139.0%; Δ 122.7% < -1%) |
| CFO/TA 0.03 > 3% & CFO 215.7m > Net Income 197.5m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 0.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.04b) vs 12m ago 12.42% < -2% |
| Gross Margin: 61.21% > 18% (prev 61.92%; Δ -0.71% > 0.5%) |
| Asset Turnover: 5.01% > 50% (prev 5.80%; Δ -0.79% > 0%) |
| Interest Coverage Ratio: 3.15 > 6 (EBIT TTM 254.3m / Interest Expense TTM 80.8m) |
| DSRI: 1.79 (Receivables 14.2m/8.33m, Revenue 351.7m/369.7m) |
| GMI: 1.01 (GM 61.92% / 61.21%) |
| AQI: 0.98 (AQ_t 0.98 / AQ_t-1 0.99) |
| SGI: 0.95 (Revenue 351.7m / 369.7m) |
| TATA: -0.00 (NI 197.5m - CFO 215.7m) / TA 7.67b) |
| Beneish M = -2.41 (Cap -4..+1) = BBB |
As of October 12, 2026, the stock is trading at SGD 2.07 with a total of 4,874,200 shares traded. Over the past week, the price has changed by +0.00%, over one month by -1.90%, over three months by -7.59% and over the past year by -7.96%.
Current recommended Stop Loss: 2.00 (which is 3.4% or 2.3 ATR below the current price).
Frasers Centrepoint Trust has no consensus analysts rating.
P/E Trailing = 18.8182
P/E Forward = 17.5131
P/S = 8.4623
P/B = 0.8951
P/EG = 3.5714
Revenue TTM = 351.7m SGD
EBIT TTM = 254.3m SGD
EBITDA TTM = 254.3m SGD
Long Term Debt = 2.56b SGD (from longTermDebt, last quarter)
Short Term Debt = 102.9m SGD (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 4.07b SGD (4.22b + (null Debt) - CCE 150.2m)
Interest Coverage Ratio = 3.15 (Ebit TTM 254.3m / Interest Expense TTM 80.8m)
EV/FCF = 23.40x (Enterprise Value 4.07b / FCF TTM 174.0m)
FCF Yield = 4.27% (FCF TTM 174.0m / Enterprise Value 4.07b)
FCF Margin = 49.47% (FCF TTM 174.0m / Revenue TTM 351.7m)
Net Margin = 56.16% (Net Income TTM 197.5m / Revenue TTM 351.7m)
Gross Margin = 61.21% ((Revenue TTM 351.7m - Cost of Revenue TTM 136.4m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.53 (Enterprise Value 4.07b / Total Assets 7.67b)
Interest Expense / Debt = unknown (Interest Expense 80.8m / Debt none)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 190.7m (EBIT 254.3m * (1 - 25.00%))
Current Ratio = 0.74 (Total Current Assets 164.4m / Total Current Liabilities 221.6m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 254.3m)
Debt / FCF = unknown (Net Debt none / FCF TTM 174.0m)
Total Stockholder Equity = 4.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.81% (Net Income 197.5m / Total Assets 7.67b)
RoE = 4.59% (Net Income TTM 197.5m / Total Stockholder Equity 4.30b)
RoCE = 3.71% (EBIT 254.3m / Capital Employed (Equity 4.30b + L.T.Debt 2.56b))
RoIC = 2.57% (NOPAT 190.7m / Invested Capital 7.43b)
WACC = 5.51% (E(4.22b)/V(4.22b) * Re(5.51%) + (debt-free company))
Discount Rate = 5.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 83.77 | Cagr: 23.80%
[DCF] Terminal Value 73.10% ; FCFF base≈198.3m ; Y1≈173.9m ; Y5≈140.5m
[DCF] Fair Price = 1.11 (EV 2.26b - Net Debt 0.0 = Equity 2.26b / Shares 2.04b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
Revenue Correlation: -28.61 | Revenue CAGR: -0.73% | SUE: N/A | # QB: 0
EPS current Year (2027-09-30): EPS=0.12 | Chg30d=-0.17% | Revisions=-40% | GrowthEPS=-0.5% | GrowthRev=-1.2%
[Analyst] Revisions Ratio: -40% (up=0, down=2)