Abstract of Frasers Centrepoint Belief’s 3Q24 outcomes
Frasers Centrepoint Belief (FCT) offered a enterprise replace for the fiscal 12 months third quarter ended 30 June 2024. Frasers Centrepoint Belief’s dedicated occupancy for its retail portfolio dipped barely to 99.7% in 3Q24 from 99.9% in 2Q24. The decline in occupancy was pushed by a decline within the occupancy charge of Central Plaza (workplace), Century Sq., in addition to Causeway Level. Nonetheless, it managed to keep up greater than 99% dedicated occupancy at each mall in is portfolio. Supply: Frasers Centrepoint Belief Throughout its portfolio, shopper site visitors progress in 3Q24 moderated to 4.1% year-on-year from 8.1% in 2Q24. Tenant gross sales progress additionally moderated to 0.7% year-on-year in 3Q24 from 4.3% in 2Q24. The slowdown in shopper site visitors progress and tenant gross sales could be broadly inline with the decline in Singapore retail gross sales previously quarter, as we famous in our latest Singapore…
