FIRST TRUST SENIOR FLOATING RATE INCOME FUND II
No enriched coverage for $FCT in the last 7 days.
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See all $FCT insider activity →Frasers Centrepoint Trust (FCT) reported Q3 FY2026 committed retail occupancy of 99.6%, down from 99.9% a year earlier and 99.8% last quarter, excluding Hougang Mall and NEX. Shopper traffic rose 2.4% and tenants’ sales 0.2%. Average cost of debt fell to 3.0%. FCT’s proposed White Sands sale for $467m should yield about $454.1m to repay debt, reducing leverage to 36.5% pro forma.
Frasers Centrepoint Trust (FCT) reported Q3 ended Jun 30, 2026 committed retail occupancy of 99.6%, down 0.2 pp QoQ and 0.3 pp YoY, excluding Hougang Mall and Nex. Shopper traffic rose 2.4% YoY and tenant sales 0.2%. Average cost of debt fell to 3.0% from 3.2%. FCT proposed selling White Sands for S$467m (net proceeds ~S$454.1m, net gains ~S$32.4m) and formed a JV to bid S$2.1b for a Bayshore Drive site.
Singapore S-Reits have fallen about 6% YTD versus the STI up 11%, amid US Fed hawkishness and geopolitical risks, according to DBS. Analysts cite easing SORA versus sector borrowing costs, rate moves already priced in, cheaper valuations (P/B ~0.9), resilient fundamentals, and forward dividend yields of ~6-6.2%. Earnings season begins next week.
Recent FCT coverage spans financial news, mergers & acquisitions and corporate actions.
Occupancy is slightly down but traffic and tenant sales rose, while debt costs fell due to swap expiries.
Higher occupancy and easing debt costs are credit-positive, while the White Sands sale and Bayshore JV bid add near-term balance-sheet and growth optionality.
FCT is positioned as a valuation-led opportunity supported by stable asset capitalization rates.
The deal is a material growth capex/roll-up story with quantified pro-forma revenue/profit and EPS uplift targets, likely supporting near-term sentiment and longer-term valuation.
Deal funding via a prior €500M capital raise and pro-forma 2026 revenue/EBITDA uplift are likely driving the immediate re-rating.
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Frasers Centrepoint Trust (FCT) reported Q3 FY2026 committed retail occupancy of 99.6%, down from 99.9% a year earlier and 99.8% last quarter, excluding Hougang Mall and NEX. Shopper traffic rose 2.4% and tenants’ sales 0.2%. Average cost of debt fell to 3.0%. FCT’s proposed White Sands sale for $467m should yield about $454.1m to repay debt, reducing leverage to 36.5% pro forma.
4 min readFrasers Centrepoint Trust (FCT) reported Q3 ended Jun 30, 2026 committed retail occupancy of 99.6%, down 0.2 pp QoQ and 0.3 pp YoY, excluding Hougang Mall and Nex. Shopper traffic rose 2.4% YoY and tenant sales 0.2%. Average cost of debt fell to 3.0% from 3.2%. FCT proposed selling White Sands for S$467m (net proceeds ~S$454.1m, net gains ~S$32.4m) and formed a JV to bid S$2.1b for a Bayshore Drive site.
4 min readSingapore S-Reits have fallen about 6% YTD versus the STI up 11%, amid US Fed hawkishness and geopolitical risks, according to DBS. Analysts cite easing SORA versus sector borrowing costs, rate moves already priced in, cheaper valuations (P/B ~0.9), resilient fundamentals, and forward dividend yields of ~6-6.2%. Earnings season begins next week.
5 min readItalian shipbuilder Fincantieri (BIT:FCT) agreed to buy majority stakes in four Italian subsea tech firms—Next Geosolutions, WSense, Graal Tech and Defcomm—for about €600m. The company says underwater operations could reach €1.1bn revenue and €220m core profit this year (pro forma), with acquisitions adding €60m+ to net profit in 2024 and ~€130m by 2030; EPS seen rising ~30% by 2028 and 20% by 2030.
4 min readInvesting.com reports Fincantieri shares rose 12.3% to €12.25 after the company announced a €600m underwater technology acquisition program targeting Next Geosolutions, WSense, Graal Tech and Defcomm. The deal is expected to deliver €1.1bn revenues and €220m EBITDA in 2026, funded by a €500m capital raise, with a €16.56 consensus 12-month price target.
3 min readItalian shipbuilder Fincantieri shares rose over 11% after it said it will acquire majority stakes in four Italian underwater-technology firms (Next Geosolutions, WSense, Graal Tech, Defcomm) for about €600 million. The deals are expected to lift 2026 pro-forma EBITDA 13% and net profit 40%, with underwater-unit 2026 revenue €1.1B and EBITDA €220M. Funding includes a €500M capital raise.
3 min readThis article announces that the First Trust Senior Floating Rate Income Fund II has declared a monthly dividend of $0.097 per share. This distribution will be payable on May 31, 2026, to shareholders of record as of May 23, 2026. The ex-dividend date for this payment is May 22, 2026.
2 min readFirst Trust Senior Floating Rate Income Fund II (FCT) has declared a monthly common share distribution of $0.097 per share, payable on March 16, 2026, to shareholders of record as of March 2, 2026. This distribution reflects a rate of 11.58% based on NAV and 11.66% based on market price as of February 18, 2026, and is composed of net investment income, return of capital, and potentially net short-term realized capital gains. The Fund's primary objective is to seek a high level of current income, primarily investing in senior secured floating-rate corporate loans, with a secondary objective of capital preservation.
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