Frasers Centrepoint Trust posts 99.5% retail portfolio occupancy for Q1
New homes, especially in the north, north-east and east regions, are expected to boost higher shopper traffic.
Key metrics remain healthy, underpinned by strong leasing demand, it added. But retail occupancy slipped marginally, from 99.9% in the year-ago period and 99.7 % in the preceding quarter.
Still, each of the retail malls under the trust has a committed occupancy of at least 99%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
