Broker Name: DBS

Date of Report: Inferred to be January 2026 (based on 1Q26 reference)

Excerpt from DBS report.

• Report Summary:
• Frasers Centrepoint Trust (FCT) achieved near full occupancy at 99.9% following the successful backfilling of cinema spaces at Causeway Point and Century Square, with positive momentum in both shopper traffic and tenant sales.
• Asset enhancement initiatives (AEIs), such as at Hougang Mall and the upcoming NEX project, are driving further growth with strong leasing pre-commitment and targeted rental reversions of +5%, supporting FCT’s position as a resilient retail REIT amid sector changes.

Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website : https://www.dbs.com.sg