Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Frasers Centrepoint ( (SG:J69U) ) has shared an update.
Frasers Centrepoint Asset Management Ltd., the manager of Frasers Centrepoint Trust, has received 1,332,572 new units in the trust as partial payment of its base management fees for the quarter from 1 January to 31 March 2026. The units, issued at S$2.2099 each based on the 10-day volume weighted average price, cover 43% of the manager’s base fee for the period and the full base fee related to FCT’s 50% effective interest in the NEX mall.
Following this issuance, the manager now holds 119,426,826 units, while the total units in issue have risen to 2,037,824,146, slightly diluting existing unitholders. Paying fees in units rather than entirely in cash helps align the manager’s interests with those of investors and preserves cash for the trust’s operations and investments, including its stake in NEX, a key suburban retail asset in its portfolio.
The arrangement is provided for under FCT’s trust deed and reflects common practice among Singapore REITs to use scrip as part of fee compensation. This structure can support capital management flexibility for the trust, though investors should remain mindful of incremental dilution and ongoing market risks associated with listed REIT units on the Singapore Exchange.
The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.75 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.
More about Frasers Centrepoint
Frasers Centrepoint Trust is a Singapore-listed real estate investment trust focused on retail properties, managed by Frasers Centrepoint Asset Management Ltd. The trust invests primarily in income-producing shopping malls in Singapore, providing unitholders with exposure to stable retail rental income and long-term capital growth in the local retail property sector.
Average Trading Volume: 5,167,118
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$4.72B
See more data about J69U stock on TipRanks’ Stock Analysis page.