Who are Frasers Centrepoint Trust's main competitors?

Named competitors: Lendlease Global Commercial REIT (JYEU.SI), CapitaLand Integrated Commercial Trust (C38U.SI), Mapletree Pan Asia Commercial Trust (N2IU.SI), Paragon REIT (private or unlisted), Starhill Global REIT (P40U.SI). The cockpit's measured peer set (industry) also includes Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO), Primary Health Properties (PHP.L), KDX Realty Investment (8972.T), Highwoods Properties (HIW), SmartCentres Real Estate Investment Trust (SRU-UN.TO), National Health Investors (NHI).

Is Frasers Centrepoint Trust expensive compared with its peers?

On forward p/e it trades at 17.1× against a peer median of 19.4×, 7th cheapest of 20 in its peer set.

How has Frasers Centrepoint Trust stock performed?

Over six months to 6 Nov 2026 the shares returned -4.9% against -5.0% for the median peer; over one year -5.7%.

← CockpitCompetitor Analysis › J69U.SI Frasers Centrepoint TrustOpen in the cockpit ↗

Frasers Centrepoint TrustJ69U.SICompetitor analysis, valuation and peers

Singapore · SGD·Real Estate›Real Estate Investment Trusts

Singapore suburban shopping mall REIT owning heartland retail malls near residential estates across the island.

≈ A Singapore suburban shopping mall REITMomentum leader 82

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$3.43B

US dollars, full cap

Free float

67%

of shares outstanding

$/day

$16.1M

20-day average traded

Fwd P/E

17.1×

forward earnings

ROIC−WACC

n/a

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

172 days

27 Apr 2027

Close · SGDS$2.14

1D-1.4%

1W+1.9%

1M+2.9%

3M-4.0%

6M-4.9%

YTD-8.2%

1Y-5.7%

ATR %1.9%

52w lowhigh9.7% off high

What Frasers Centrepoint Trust does

Singapore suburban shopping mall REIT owning heartland retail malls near residential estates across the island.

Collects rent on multi-year leases, with a base rent plus a share of tenants' sales in some, from supermarkets, food outlets and everyday services; most of the cash is paid out to unit holders. Frasers Property, a Singapore-listed developer, is the sponsor and owns the manager.

In one line: A Singapore suburban shopping mall REIT.

Products and services

Suburban retail mall ownership & leasing

Customers

Retail tenants (supermarkets, F&B, services)
Singapore heartland shoppers

Where it sits in the supply chain

Real estate
Retail REIT
Suburban shopping malls

What could go right

Resilient heartland retail footfall
Rental reversion growth

What could go wrong

Interest rate impact on REIT valuations
E-commerce impact on discretionary retail tenants

Moat: narrow (installed base, scale). Portfolio of dominant suburban malls near HDB estates with a resilient necessity-based tenant mix.

Headquarters: Singapore · Founded: 2006

Named competitors

Lendlease Global Commercial REIT JYEU.SI
CapitaLand Integrated Commercial Trust C38U.SI
Mapletree Pan Asia Commercial Trust N2IU.SI
Paragon REIT private or unlisted
Starhill Global REIT P40U.SI

Frasers Centrepoint Trust at a glance

Size Frasers Centrepoint Trust (J69U.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $3.43B, the 30th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$2.14 on 6 Nov 2026.

Performance Over six months the shares fell 4.9%, against -5.0% for the median peer and -1.2% for the Singapore market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 16.4% over the last twelve months (peer median +4.1%); the operating margin is 61.9% (peer median 48.1%).

Valuation It trades at 17.1× forward earnings against a peer median of 19.4× (7th cheapest of 20).

Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Frasers Centrepoint Trust against the median of its 20 peers (local-currency closes).

Frasers Centrepoint Trust financials

Reported figures in SGD; fiscal year ends 2026-09-30. TTM = trailing twelve months.
	TTM	FY2026	FY2025	FY2024	FY2023
Revenue	S$454M	S$454M	S$390M	S$352M	S$374M
Revenue growth	—	+16%	+11%	-6%	—
Gross profit	S$284M	S$284M	S$238M	S$216M	S$233M
EBITDA	S$281M	S$281M	S$234M	S$200M	S$230M
Net income	S$365M	S$361M	S$200M	S$198M	S$212M
Free cash flow	S$234M	S$234M	S$237M	S$138M	S$193M
Capital expenditure	S$31.0M	S$31.0M	S$0	S$41.6M	S$8.33M
Total debt	n/a	S$2.76B	S$2.59B	S$2.03B	S$2.20B

Quarterly statements and history in the cockpit →

Frasers Centrepoint Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Frasers Centrepoint Trust is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Frasers Centrepoint Trust is the large dot.

Frasers Centrepoint Trust competitors and peer comparison

Head to head with its named competitors (J69U.SI vs JYEU.SI vs C38U.SI vs N2IU.SI)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Frasers Centrepoint Trust J69U.SI	$3.43B	-5%	+16%	62%	17.1×	n/a
Lendlease Global Commercial REIT JYEU.SI	$1.44B	-3%	+4%	67%	16.1×	n/a
CapitaLand Integrated Commercial Trust C38U.SI	$14.6B	+2%	+5%	65%	19.1×	n/a
Mapletree Pan Asia Commercial Trust N2IU.SI	$4.89B	-7%	-5%	64%	15.6×	n/a
Starhill Global Real Estate Investment Trust P40U.SI	$884M	-13%	0%	68%	11.4×	n/a

How Frasers Centrepoint Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Frasers Centrepoint Trust against its 20 peers (data as of 6 Nov 2026)
Measure	J69U.SI	Peer median	Rank in peer set
1-month return	+2.9%	+3.0%	10th lowest of 21
6-month return	-4.9%	-5.0%	11th highest of 21
Distance from 52-week high	-9.7%	-14.5%	6th highest of 21
Revenue growth (TTM)	+16.4%	+4.1%	5th highest of 21
Operating margin	61.9%	48.1%	5th highest of 21
Forward P/E	17.1×	19.4×	7th cheapest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Frasers Centrepoint Trust J69U.SI	Singapore	$3.43B	-5%	+16%	62%	17.1×	n/a	n/a
Canadian Apartment Properties Real Estate Investment Trust CAR-UN.TO	Canada	$3.45B	-14%	-7%	61%	n/a	n/a	n/a
Primary Health Properties PHP.L	United Kingdom	$3.41B	+6%	+104%	81%	13.1×	n/a	n/a
KDX Realty Investment 8972.T	Japan	$3.47B	-16%	+3%	39%	16.3×	n/a	n/a
Highwoods Properties HIW	United States	$3.47B	+24%	+6%	26%	44.5×	n/a	n/a
SmartCentres Real Estate Investment Trust SRU-UN.TO	Canada	$3.37B	-3%	-1%	52%	32.6×	n/a	n/a
National Health Investors NHI	United States	$3.50B	-5%	+24%	45%	20.6×	n/a	n/a
Broadstone Net Lease BNL	United States	$3.36B	-12%	+8%	48%	26.1×	n/a	n/a
First Capital Real Estate Investment Trust FCR-UN.TO	Canada	$3.55B	0%	+3%	49%	18.3×	n/a	n/a
Curbline Properties CURB	United States	$3.57B	+5%	+51%	18%	69.2×	n/a	n/a
Colonial SFL SOCIMI COL.MC	Spain	$3.58B	-2%	+4%	76%	14.9×	n/a	n/a
Keppel REIT K71U.SI	Singapore	$3.27B	-5%	+5%	49%	19.2×	n/a	n/a
Covivio Hotels SCA COVH.PA	France	$3.61B	-9%	+5%	41%	12.1×	n/a	n/a
Independence Realty Trust IRT	United States	$3.63B	-9%	+3%	17%	65.8×	n/a	n/a
Nomura Real Estate Master Fund 3462.T	Japan	$3.66B	-23%	-18%	36%	20.5×	n/a	n/a
Suntec Real Estate Investment Trust T82U.SI	Singapore	$3.18B	-7%	+1%	56%	19.4×	n/a	n/a
Park Hotels & Resorts PK	United States	$3.17B	+39%	-1%	12%	29.1×	n/a	n/a
Daiwa House REIT Investment 8984.T	Japan	$3.15B	-13%	-9%	40%	20.5×	n/a	n/a
Japan Hotel Reit Investment 8985.T	Japan	$3.14B	+7%	+15%	67%	9.4×	n/a	n/a
CT Real Estate Investment Trust CRT-UN.TO	Canada	$3.11B	+3%	+5%	75%	12.0×	n/a	n/a
ORIX JREIT 8954.T	Japan	$3.06B	-12%	+35%	51%	18.1×	n/a	n/a

Questions

Who are Frasers Centrepoint Trust's main competitors?: Named competitors: Lendlease Global Commercial REIT (JYEU.SI), CapitaLand Integrated Commercial Trust (C38U.SI), Mapletree Pan Asia Commercial Trust (N2IU.SI), Paragon REIT (private or unlisted), Starhill Global REIT (P40U.SI). The cockpit's measured peer set (industry) also includes Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO), Primary Health Properties (PHP.L), KDX Realty Investment (8972.T), Highwoods Properties (HIW), SmartCentres Real Estate Investment Trust (SRU-UN.TO), National Health Investors (NHI).
Is Frasers Centrepoint Trust expensive compared with its peers?: On forward p/e it trades at 17.1× against a peer median of 19.4×, 7th cheapest of 20 in its peer set.
How has Frasers Centrepoint Trust stock performed?: Over six months to 6 Nov 2026 the shares returned -4.9% against -5.0% for the median peer; over one year -5.7%.