XSESJ69U
Market cap2.80bUSD
Dec 20, Last price
2.09SGD
1D
0.00%
1Q
-7.93%
Jan 2017
10.00%
IPO
39.33%
Name
Frasers Centrepoint Trust
Chart & Performance
Profile
Frasers Centrepoint Trust (FCT) is a leading developer-sponsored retail real estate investment trust (REIT) and one of the largest suburban retail mall owners in Singapore with total assets of approximately S$6.7 billion. FCT's current property portfolio comprises 11 retail malls9 and an office building located in the suburban regions of Singapore, near homes and within minutes to transportation amenities. The retail portfolio has over 2.3 million square feet of net lettable area with over 1,500 leases with a strong focus on providing for necessity spending, food & beverage and essential services. The portfolio comprises Causeway Point, Northpoint City North Wing (including Yishun 10 Retail Podium), Anchorpoint, YewTee Point, Changi City Point, Waterway Point (40%-interest), Tiong Bahru Plaza, White Sands, Hougang Mall, Century Square and Tampines 1) and an office property (Central Plaza). FCT's malls enjoy stable and recurring shopper footfall supported by commuter traffic and residential population in the catchment. FCT also holds a 31.15% stake in Hektar Real Estate Investment Trust, a retail-focused REIT in Malaysia listed on the Main Market of Bursa Malaysia Securities Berhad. FCT is index constituent of several benchmark indices including the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index), FTSE ST Real Estate investment Trust Index, MSCI Singapore Small Cap Index and the SGX iEdge S-REIT Leaders Index. Listed on the Main Board of the Singapore Exchange Securities Trading Limited since 5 July 2006, FCT is managed by Frasers Centrepoint Asset Management Ltd., a real estate management company and a wholly-owned subsidiary of Frasers Property Limited.
Valuation
Title SGD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑09 | 2023‑09 | 2022‑09 | 2021‑09 | 2020‑09 | 2019‑09 | 2018‑09 | 2017‑09 | 2016‑09 | 2015‑09 | |
Income | ||||||||||
Revenues | 352,110 -4.76% | 369,723 3.58% | 356,931 4.63% | |||||||
Cost of revenue | 138,237 | 143,468 | 133,836 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 213,873 | 226,255 | 223,095 | |||||||
NOPBT Margin | 60.74% | 61.20% | 62.50% | |||||||
Operating Taxes | (1,082) | 250 | (6,092) | |||||||
Tax Rate | 0.11% | |||||||||
NOPAT | 214,955 | 226,005 | 229,187 | |||||||
Net income | 197,546 -6.80% | 211,954 2.26% | 207,279 22.92% | |||||||
Dividends | (207,971) | (208,456) | (207,979) | |||||||
Dividend yield | 5.07% | 5.56% | 5.63% | |||||||
Proceeds from repurchase of equity | 200,002 | |||||||||
BB yield | -4.87% | |||||||||
Debt | ||||||||||
Debt current | 319,752 | 294,812 | 390,668 | |||||||
Long-term debt | 1,708,418 | 1,841,925 | 1,419,458 | |||||||
Deferred revenue | 2,401,947 | 1,977,291 | ||||||||
Other long-term liabilities | 81,046 | 56,018 | 50,472 | |||||||
Net debt | 2,001,359 | 1,355,295 | 1,393,741 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 179,923 | 243,130 | 233,584 | |||||||
CAPEX | (21) | (8,332) | (5,901) | |||||||
Cash from investing activities | (1,829) | (356,931) | 16,028 | |||||||
Cash from financing activities | (183,489) | 107,842 | (253,681) | |||||||
FCF | 525,733 | (128,885) | 228,558 | |||||||
Balance | ||||||||||
Cash | 26,811 | 32,206 | 38,165 | |||||||
Long term investments | 749,236 | 378,220 | ||||||||
Excess cash | 9,206 | 762,956 | 398,538 | |||||||
Stockholders' equity | 4,160,666 | 14,082,907 | 13,664,192 | |||||||
Invested Capital | 6,260,676 | 7,863,652 | 7,398,431 | |||||||
ROIC | 3.04% | 2.96% | 3.58% | |||||||
ROCE | 3.41% | 3.63% | 3.83% | |||||||
EV | ||||||||||
Common stock shares outstanding | 1,784,493 | 1,710,926 | 1,703,766 | |||||||
Price | 2.30 5.02% | 2.19 0.92% | 2.17 -4.41% | |||||||
Market cap | 4,104,334 9.54% | 3,746,928 1.35% | 3,697,172 -2.61% | |||||||
EV | 6,105,693 | 7,265,425 | 6,862,874 | |||||||
EBITDA | 213,902 | 226,298 | 223,144 | |||||||
EV/EBITDA | 28.54 | 32.11 | 30.76 | |||||||
Interest | 80,821 | 78,255 | 44,393 | |||||||
Interest/NOPBT | 37.79% | 34.59% | 19.90% |