Frasers Centrepoint Could Use Sale Proceeds to Fund Asset Enhancement

Dow Jones

07/01

0658 GMT - Frasers Centrepoint Trust is likely to use its improved debt capacity from the sale of its White Sands property to fund its existing asset enhancement initiatives, says DBS Group Research's Tabitha Foo in a note. The Singapore-listed real-estate investment trust likely sold White Sands to de-risk its balance sheet amid higher-for-longer interest rates and focus on its core malls, she says. While the REIT's distribution per unit is likely to drop due to the sale, she views this as a short-term pain that is unlikely to be an overhang for Frasers Centrepoint's units. DBS maintains its buy rating and target price of 2.75 Singapore dollars. Units are down 1.3% at S$2.23. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 01, 2026 02:58 ET (06:58 GMT)

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The Singapore-listed real-estate investment trust likely sold White Sands to de-risk its balance sheet amid higher-for-longer interest rates and focus on its core malls, she says. While the REIT's distribution per unit is likely to drop due to the sale, she views this as a short-term pain that is unlikely to be an overhang for Frasers Centrepoint's units. DBS maintains its buy rating and target price of 2.75 Singapore dollars. Units are down 1.3% at S$2.23. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2026 02:58 ET (06:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Frasers Centrepoint Could Use Sale Proceeds to Fund Asset Enhancement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrasers Centrepoint Could Use Sale Proceeds to Fund Asset Enhancement\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-07-01 14:58</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0658 GMT - <a href=\"https://laohu8.com/S/J69U.SI\">Frasers Centrepoint Trust</a> is likely to use its improved debt capacity from the sale of its White Sands property to fund its existing asset enhancement initiatives, says DBS Group Research's Tabitha Foo in a note. The Singapore-listed real-estate investment trust likely sold White Sands to de-risk its balance sheet amid higher-for-longer interest rates and focus on its core malls, she says. While the REIT's distribution per unit is likely to drop due to the sale, she views this as a short-term pain that is unlikely to be an overhang for Frasers Centrepoint's units. DBS maintains its buy rating and target price of 2.75 Singapore dollars. Units are down 1.3% at S$2.23. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2026 02:58 ET (06:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"J69U.SI","symbol_name":"星獅地產信託","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648459029","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648459029","pubTimestamp":1782889080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0658 GMT - Frasers Centrepoint Trust is likely to use its improved debt capacity from the sale of its White Sands property to fund its existing asset enhancement initiatives, says DBS Group Research's Tabitha Foo in a note. The Singapore-listed real-estate investment trust likely sold White Sands to de-risk its balance sheet amid higher-for-longer interest rates and focus on its core malls, she says. While the REIT's distribution per unit is likely to drop due to the sale, she views this as a short-term pain that is unlikely to be an overhang for Frasers Centrepoint's units. DBS maintains its buy rating and target price of 2.75 Singapore dollars. Units are down 1.3% at S$2.23.  Dow Jones NewswiresJuly 01, 2026 02:58 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"J69U.SI":"星狮地产信托","BK6137":"零售房地产信托","BK6011":"零售业房地产投资信托","BK6512":"房地产股"},"translate_title":"Frasers Centrepoint可以利用出售收益为资产增强提供资金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"J69U.SI":1.96},"content_text":"0658 GMT - Frasers Centrepoint Trust is likely to use its improved debt capacity from the sale of its White Sands property to fund its existing asset enhancement initiatives, says DBS Group Research's Tabitha Foo in a note. The Singapore-listed real-estate investment trust likely sold White Sands to de-risk its balance sheet amid higher-for-longer interest rates and focus on its core malls, she says. While the REIT's distribution per unit is likely to drop due to the sale, she views this as a short-term pain that is unlikely to be an overhang for Frasers Centrepoint's units. DBS maintains its buy rating and target price of 2.75 Singapore dollars. Units are down 1.3% at S$2.23. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 01, 2026 02:58 ET (06:58 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}