Corporate overview

Frasers Centrepoint Trust ("FCT") is a Singapore-domiciled retail real estate investment trust ("REIT").
FCT was listed on the mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) on 5 July 2006. FCT has a market capitalisation of approximately S$1.95 billion as at 29 September 2017.

FCT's principal activity is to invest in income-producing properties used primarily for retail purposes, in Singapore and overseas. Its primary objectives are to deliver regular and stable distributions to unitholders and to achieve long-term capital growth. The objectives are achieved through a combination of its organic, enhancement and acquisition growth strategies. FCT also owns a 31.15% equity stake in an associate of FCT, Hektar Real Estate Investment Trust, which is listed on the Main Market of Bursa Malaysia Securities Berhad.

FCT's portfolio comprises six quality suburban malls in Singapore with a total appraised value of $2.67 billion as at 30 September 2017. These malls are Causeway Point, Northpoint City North Wing (including Yishun 10 retail podium), Changi City Point, Bedok Point, YewTee Point and Anchorpoint. FCT's suburban malls are located in residential areas with good shopper catchment and connectivity to public transport, and they offer the shoppers a wide range of products and services that cater to their convenience, necessity shopping needs and dining options. The malls enjoy high occupancy and steady shopper traffic which underpin the stability of FCT's net property income.

FCT has achieved steady portfolio growth and delivered stable distribution returns to unitholders through prudent capital management and successful execution of its growth strategies. Its total assets grew from S$938 million at its initial public listing to S$2.75 billion as at 30 September 2017. The distribution per unit to unitholders also grew steadily to 11.90 cents in FY2017 at a compounded annual growth rate of 6.4% over the eleven years since its listing.

FCT is managed by the Manager of FCT, Frasers Centrepoint Asset Management Ltd., a real estate management company and a subsidiary of Frasers Centrepoint Limited.

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Frasers Centrepoint Trust

Registered address

HSBC Institutional Trust Services (Singapore) Limited

21 Collyer Quay #13-02, HSBC Building

Singapore 049320

Website Address: www.fct.sg

Trustee

HSBC Institutional Trust Services (Singapore) Limited

21 Collyer Quay #03-01, HSBC Building

Singapore 049320

Phone: (65) 6658-6667

Auditor

KPMG LLP

Partner-in-charge: Ms Karen Lee Shu Pei

Appointed 21 January 2016

16 Raffles Quay, #22-00 Hong Leong Building

Singapore 048581

Phone: (65) 6213-3388

Fax: (65) 6225-0984

Website address: www.kpmg.com.sg

Bankers

Citibank N.A.

DBS Bank Ltd

Oversea-Chinese Banking Corporation Ltd

Unit Registrar

Boardroom Corporate & Advisory Services Pte Ltd

50 Raffles Place, #32-01 Singapore Land Tower

Singapore 048623

Phone: (65) 6536-5355

Fax: (65) 6536-1360

The manager

Registered Address

Frasers Centrepoint Asset Management Ltd
438 Alexandra Road, #21-00 Alexandra Point
Singapore 119958
Phone: (65) 6276-4882
Fax: (65) 6272-8776

Directors of the manager

Mr Philip Eng Heng Nee

Chairman, Non-Executive (Non-Independent)

Dr Chew Tuan Chiong

Chief Executive Officer (Non-Independent)

Dr Cheong Choong Kong

Non-Executive (Lead Independent Director)

Mr Ho Chai Seng

Non-Executive (Independent)

Mr Simon Ho Chee Hwee

Non-Executive (Independent)

Mr Soh Kim Soon

Non-Executive (Independent)

Mr Christopher Tang Kok Kai

Non-Executive (Non-Independent)

Audit commitee

w.e.f. 30 September 2017
Name Position
Mr Ho Chee Wee, Simon (Chairman)
Dr Cheong Choong Kong
Mr Philip Eng Heng Nee
Mr Ho Chai Seng
Mr Soh Kim Soon

Nominating and remuneration committee

w.e.f. 30 September 2017
Name Position
Mr Soh Kim Soon Chairman
Dr Cheong Choong Kong
Mr Ho Chai Seng
Mr Ho Chee Hwee, Simon
Mr Christopher Tang Kok Kai

Company secretary

w.e.f. 30 September 2017
Name Position
Ms Catherine Yeo

Sustainability report

We are pleased to present our Sustainability Report in this web page. Environmental,social and governance sustainability are important parts of our business and for our stakeholders. We believe it is important for our stakeholders to be informed of the efforts that we undertake in order to realise our vision for a sustainable future. This Sustainability Report will be published annually. We will report on the performance and strategy on the material issues to our stakeholders.

Our Sustainability report is produced based on the guidelines laid out by the Global Reporting Initiative (GRI), an international standard for sustainability reporting. The report meets the GRI's G4 Core requirements and accounts for the Construction and Real Estate Sector Disclosures. The scope of our Sustainability Report covers all properties owned by Frasers Centrepoint Trust. We intend to seek external assurance on our sustainability report in the future.ur Approach to Sustainability.

FY 2017 (Year ended 30 September 2017)
FY 2016 (Year ended 30 September 2016)
FY 2015 (Year ended 30 September 2015)

Corporate governance

Frasers Centrepoint Asset Management Ltd. (the "Manager"), as Manager of Frasers Centrepoint Trust ("FCT"), is committed to upholding high standards of corporate governance to preserve and enhance FCT's asset value so as to maximise the returns from investments, and ultimately the distributions and total return to unitholders of FCT ("Unitholders").

The Manager has general powers of management over the assets of FCT. The Manager's main responsibility is to manage FCT's assets and liabilities for the benefit of Unitholders. It will ensure that the business of FCT is carried on and conducted in a proper and efficient manner. The Manager also ensures that applicable laws and regulations such as the listing rules of the SGX-ST, the Code of Collective Investment Schemes and the Securities and Futures Act, are complied with. It also supervises the property manager in its day-to-day management of the malls of FCT, namely, Causeway Point, Northpoint, Changi City Point, Bedok Point, YewTee Point and Anchorpoint, pursuant to property management agreements entered into for each mall.

The primary role of the Manager is to set the strategic direction for FCT. This includes making recommendations to the Trustee on acquisitions, divestments and enhancement of assets. As required under the licensing regime for REIT managers, the Manager holds a Capital Markets Services licence issued by the Monetary Authority of Singapore to carry out REIT management activities.

Whistle-Blowing Policy

FCT's corporate governance reports

You can download FCT's Corporate Governance Reports from the links below:

FY2017

17 Jan 2017 | PDF (126 KB)

FY2016

21 Dec 2016 | PDF (510 KB)

FY2015

17 Jan 2015 | PDF (164 KB)

FY2014

17 Jan 2014 | PDF (335 KB)

FY2013

17 Jan 2013 | PDF (79 KB)

FY2012

17 Jan 2012 | PDF (70 KB)

FY2011

17 Jan 2011 | PDF (118 KB)

FY2010

17 Jan 2010 | PDF (561 KB)

FY2009

17 Jan 2009 | PDF (1472 KB)

FY2008

17 Jan 2008 | PDF (102 KB)

FY2007

17 Jan 2007 | PDF (122 KB)

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