Wow, the feeling is kind of like camping for your own exam score - it feels good when the results are good.
Long story short, it was nothing short of stellar. Causeway Point and North Point continues to be the pillar of FCT (Monopoly of the entire North area. No other shopping malls within 5KM distance)
Overall - More rentals, more income, more dividends!
Aside from Bedok Point which is undergoing renovation, all other malls revenue have increased. Renovations are expected to complete by the next quarter, and together with the acquisition of Changi City Point, it's expected to do even further for the rest of the year.
In other areas, occupancy rates are stable. Interest cover have increased, and 94% of FCT's debt are fixed (meaning future interest rate hike will not affect it as much)
Overall, I am very happy with my purchase!
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