--- title: "Frasers Cpt Tr's unit distribution increased by 1.4% to 6.136 cents in the first half of the year | Lianhe Zaobao" type: "News" locale: "en" url: "https://longbridge.com/en/news/283911518.md" description: "Frasers Centrepoint Trust declared a distribution per unit of 6.136 cents for the first half of the year, an increase of 1.4% year-on-year. For the half-year period ending March 31, net property income rose by 20.2% to SGD 160.76 million, while total revenue increased by 20.3% to SGD 221.87 million. The trust distributed a total of SGD 125.04 million to unitholders, a year-on-year increase of 13.6%. Leasing demand remained strong, with average rents increasing by 6.5%, and the overall committed occupancy rate reached 99.8%. The trust's manager expects the asset enhancement plan for the after-port area to be completed in September" datetime: "2026-04-24T00:42:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283911518.md) - [en](https://longbridge.com/en/news/283911518.md) - [zh-HK](https://longbridge.com/zh-HK/news/283911518.md) --- # Frasers Cpt Tr's unit distribution increased by 1.4% to 6.136 cents in the first half of the year | Lianhe Zaobao Frasers Centrepoint Trust announced a distribution per unit of 6.136 cents for the first half of the year, an increase of 1.4% year-on-year. The trust released its performance for the half-year ending March 31 on Friday (April 24) before the market opened. Net property income increased by 20.2% to SGD 160.76 million; total revenue rose by 20.3% to SGD 221.87 million, mainly due to contributions from the acquisition of Northpoint City South Wing in May last year and rising rents at most shopping centers. However, the sale of the retail building at Yishun 10 and the initiation of the asset enhancement plan for Hougang Mall offset some of the growth. The trust distributed a total of SGD 125.04 million to unitholders, an increase of 13.6% year-on-year. Leasing demand in the trust's portfolio remained strong, with average rents increasing by 6.5% in the first half of the year. The overall committed occupancy rate for retail malls reached 99.8%, with tenant sales increasing by 3.2%. The trust's manager stated that the asset enhancement plan for Hougang Mall is expected to be completed in September this year, with over 88% of the space already leased. Next month, the trust will initiate an asset enhancement plan for NEX shopping center to develop more retail and office space, further solidifying the trust's position as an important retail hub in the northeastern region. As of the end of March this year, the trust's total debt ratio was 40%, with an average borrowing cost of 3.2% for the first half of the year, down from 3.5% in the first quarter, and an interest coverage ratio of 3.59 times. #### Further Reading Frasers Centrepoint Trust secures SGD 400 million green loan Two cinema buildings find new tenants, Frasers Centrepoint Trust's retail property occupancy rate rises to 99.9% All debts maturing in the fiscal year 2026 have been refinanced, extending the average debt maturity to 3.92 years, with approximately two-thirds of the loans hedged at fixed rates. The trust manager expects that the suburban retail market will continue to be supported by strong demand, primarily due to population growth, rising household incomes, and limited new retail supply in the suburbs. In addition, government-issued neighborhood shopping vouchers (CDC Vouchers) are also expected to support consumer spending. The manager stated that they will continue to adopt proactive cost management strategies to improve operational efficiency. Regarding utilities, the trust has fully hedged its electricity costs for the fiscal year 2026, with partial hedging for the fiscal year 2027. Frasers Cpt Tr's stock price closed at SGD 2.28 on Thursday, with no change ### Related Stocks - [J69U.SG](https://longbridge.com/en/quote/J69U.SG.md) ## Related News & Research - [Marcus & Millichap Releases New Single-Tenant Retail Reports as Industry Gathers at ICSC Las Vegas | MMI Stock News](https://longbridge.com/en/news/286964646.md) - [Investor interest in global proptech solutions surged last year. Here are three emerging opportunities to watch in 2026](https://longbridge.com/en/news/286681577.md) - [Marketing Alliance sells Empire Construction assets, related real estate](https://longbridge.com/en/news/286616900.md) - [TwentyTwo Real Estate to Acquire Terhills Resort in Belgium from LRM](https://longbridge.com/en/news/286777893.md) - [CertifID Launches New Client Experience to Simplify Real Estate Transactions](https://longbridge.com/en/news/286944337.md)