Broker Name: CGS International Securities
Date of Report: October 24, 2025

Excerpt from CGS International Securities report.

Report Summary:

• Frasers Centrepoint Trust (FCT) delivered in-line FY25 results, with robust rental reversions (+7.8%), stable occupancy (98.1%), and lower cost of debt, supporting steady distribution per unit (DPU) growth.
• FCT is well-positioned in Singapore’s resilient suburban retail sector and continues to benefit from asset enhancements, accretive acquisitions, and strong ESG initiatives, maintaining an “Add” rating with a target price of S\$2.86.

Above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International Securities website : https://www.cgsi.com