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Frasers Centrepoint Trust’s Annual Report: 26 Key Numbers Investors Should Know

Frasers Centrepoint Trust  (SGX: J69U) released its annual report for its financial year ended 30 September 2016 (FY2016) just three weeks ago.

The real estate investment trust has six retail malls in its portfolio, along with a 31.2% stake in the Malaysia-listed Hektar REIT. We can learn more about Frasers Centrepoint Trust’s business from the report.

Here are 26 key figures investors should note:

  1. Frasers Centrepoint Trust was listed on the Singapore stock market on 5 July 2006. The unit price at listing was $1.03. On Friday, the REIT opened trading at $1.96. According to the REIT, its total return over the last 10 years was 290%, or an annualized return of 14%. The aggregate value of its portfolio was $2.51 billion as of 30 September 2016.
  2. Shopper traffic totalled 102 million in FY2016, an increase of 4.9% from last year’s 97.2 million. Frasers Centrepoint Trust said that traffic at Changi City Point and YewTee Point saw increases of 10.4% and 5%, respectively. Changi City Point benefited from the addition of a new shuttle bus service. Meanwhile, Northpoint and Causeway Point attracted around four million shoppers and two million shoppers per month. The former brought in 9.4% more shoppers due to the closure of a public corridor which redirected traffic through the mall.
  3. Around 95% of the occupied leases in the REIT’s portfolio include a gross turnover rent clause where tenants will pay between 0.5% and 1% of their sales to the REIT. Frasers Centrepoint Trust also said 99.2% of its leases include an annual rental increment step-up clause. These increases range from 1% to 2% per year.
  4. Food and restaurants make up 34.1% of Frasers Centrepoint Trust’s tenant mix. The second largest segment would be fashion at 21.3%. Meanwhile its largest tenant is Cold Storage Singapore which occupies 4.4% of its gross rental income.
  5. For FY2016, Causeway Point accounted for 45.2% of Frasers Centrepoint Trust’s total revenue with Northpoint contributing 24.4%. When it comes to net property income (NPI), the former accounted for 48% while the latter contributed 25.6%.
  6. As of 25 November 2016, Thai Beverage Public Company Limited (SGX: Y92) has a deemed stake of 41.55% in Frasers Centrepoint Trust.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong owns units in Frasers Centrepoint Trust.