Loaded Frasers Centrepoint Trust

Sorry for the lack of posts for the past 2 weeks. I have been really busy with work. Still is. So, I am going to make this a short post. Last week, I added 2 lots of Frasers Centrepoint Trust (FCT) to my Dividend Portfolio.

Reasons:

• Strong organic growth - asset enhancement at Causeway Point to be completed in phases
• Acquisition of Bedok Point later this year
• Annual Yield of ~5%
• Reasonable gearing of  ~31%
• FCT's heartland malls see huge human traffic
• I want to own a piece of every major mall in Singapore because Singaporeans love shopping. Secondly, the tourism sector is booming. :P

List of malls that I have a stake in:

1. Causeway Point (FCT)
2. Northpoint (FCT)
3. Yew Tee Point (FCT)
4. Anchor Point (FCT)
5. The Atrium@Orchard (CMT)
6. Bugis Junction (CMT)
7. Bukit Panjang Plaza (CMT)
8. CHIJMES (Suntec REIT)
9. Clarke Quay (CMT)
10. Clementi Mall (SPH)
11. Funan DigitaLife Mall (CMT)
12. Hougang Plaza (CMT)
13. IMM Building (CMT)
14. Junction 8 (CMT)
15. JCube (CMT)
16. Lot 1 (CMT)
17. Marina Bay Link Mall (Suntec REIT)
18. The Paragon (SPH)
19. Park Mall (Suntec REIT)
20. Plaza Singapura (CMT)
21. Raffles City (CMT)
22. Rivervale Mall (CMT)
23. Sembawang Shopping Centre (CMT)
24. Suntec City (Suntec REIT)
25. Tampines Mall (CMT)

Hopefully, Bedok Point, Changi City Point and iON Orchard will follow soon. I am trying to add MapleTree Commercial Trust at $0.86 since the stabilisation efforts have already ceased. 

 

So, how many malls do you have a stake in?

Peace Out,

Dividends Warrior