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FLCT
Broker's Calls
UOB Kay Hian keeps FLCT at 'buy' but with lower target price of $1.33 following higher taxes in Australia
'FLCT is working on backfilling the remaining vacant space but competition from other business parks remains tough,' says UOB Kay Hian's Jonatha Koh
16 days ago
Results
FLCT reports higher FY2024 revenue but higher costs lowers DPU to 6.8 cents
As at Sept 30, FLCT’s aggregate leverage was 33.0%
November 06, 2024
Broker's Calls
Citi keeps ‘buy’ on FLCT, highlights partial back-filling of Google’s space and strong L&I rent reversions
FLCT’s commercial occupancy improvement reverses three consecutive quarters of declines.
August 01, 2024
REITs
FLCT maintains portfolio occupancy at 95.8%
It was able to achieve a rental reversion of 11.6%
January 30, 2024
Broker's Calls
DBS maintains 'buy' on FLCT for now, as major tenant Google cuts back
Google takes up 40% of Alexandra Technopark now
February 23, 2023
REITs
Google to vacate "a portion" of space at FLCT's Alexandra Technopark
The space to be given by Google constitutes 1.7% of FLCT's gross rental income for Dec 2022.
February 22, 2023
REITs
FLCT CEO Wallace to step down, successor to be appointed
Wallace joined what was then Australand Property Group in August 2007.
February 14, 2023