Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Frasers Centrepoint Trust (SG:J69U)
SGX:J69U
RESEARCH TOOLSreports
Holding SG:J69U?
Track your performance easily
Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
S$0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 25, 2024
|% Change Since: -3.15%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong occupancy rates, successful asset enhancement initiatives, and positive rental reversions. However, concerns remain regarding high gearing levels and flat retail sales indices. Central Plaza's occupancy issues were noted but appear to be under control.Company Guidance
During the Q3 2024 earnings call for Frasers Centrepoint, the management provided several key metrics and updates. Occupancy rates remained robust at 99.7% overall, with multiple malls achieving full occupancy. Shopper traffic showed a recovery, reaching 5% of pre-COVID levels, while tenant sales continued to surpass pre-COVID figures. The company's financial position included a gearing ratio of 39.1% and an average cost of debt of 4.1% for the quarter. The Tampines 1 AEI project was highlighted, with a projected ROI of 8% expected to be exceeded. Additionally, macroeconomic updates included a GDP growth of 0.9% in Q2, with core inflation moderating to 2.9%. Overall, the company expressed optimism in maintaining strong performance metrics and pursuing growth through both organic means and asset enhancement initiatives.Strong Occupancy Rates
Overall occupancy remains very healthy at 99.7%, with several malls achieving 100% occupancy.
Positive Retailer Sales and Footfall Trends
Retailer sales have increased, exceeding pre-COVID levels, and footfall is close to pre-COVID numbers.
Tampines 1 AEI Success
Tampines 1 Asset Enhancement Initiative (AEI) is on track to complete in September, achieving 100% occupancy and exceeding the target ROI of 8%.
Improved Financial Metrics
Average cost of debt has decreased from 4.3% in Q1 to 4.1% in Q3, with 57.2% of debt hedged to fixed rates.
Strong Rental Reversion
Rental reversions are on track to hit 7.5%, maintaining positive trends.
---
SG:J69U Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SG:J69U Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | S$2.19 | S$2.19 | 0.00% |
| Jul 24, 2024 | S$2.14 | S$2.13 | -0.47% |
| Apr 24, 2024 | S$2.10 | S$2.09 | -0.48% |
| Feb 02, 2024 | S$2.25 | S$2.22 | -1.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Frasers Centrepoint Trust (SG:J69U) report earnings?
Frasers Centrepoint Trust (SG:J69U) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Frasers Centrepoint Trust (SG:J69U) earnings time?
Frasers Centrepoint Trust (SG:J69U) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Frasers Centrepoint Trust stock?
The P/E ratio of Frasers Centrepoint is 19.0.
What is SG:J69U EPS forecast?
Currently, no data Available
---