FLCT

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%

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.

REITs

FLCT maintains portfolio occupancy at 95.8%

It was able to achieve a rental reversion of 11.6%
DBS maintains 'buy' on FLCT for now, as major tenant Google cuts back - THE EDGE SINGAPORE

Broker's Calls

DBS maintains 'buy' on FLCT for now, as major tenant Google cuts back

Google takes up 40% of Alexandra Technopark now

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.

REITs

FLCT CEO Wallace to step down, successor to be appointed

Wallace joined what was then Australand Property Group in August 2007.
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