Welcome!
Frasers Logistics & Commercial Trust (FLCT)
Broker's Calls
OIR and Citi have maintained ‘buy’ on FLCT, while downgrading TP
This comes following FLCT’s 2HFY2024, ended Sep 30, business update released on Nov 6.
20 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%
25 days ago
REITs
FLCT to acquire Singapore logistics property for $140.3 mil
The purchase consideration represents a discount of 2.5% from the appraised value of the property at $143.8 million.
October 17, 2024
REITs
FLCT renews lease with Commonwealth of Australia
Under the new agreement, Services Australia is set to take up the property’s entire lettable area for a term of 12 years.
October 10, 2024
REITs
Better macro and interest environment to encourage allocations into S-REITs in 2HFY2024, DBS names top picks
The analysts at DBS note that an inflexion point approaches for S-REITs.
August 20, 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
Results
FLCT’s 1HFY2024 DPU down by 1.1% y-o-y to 3.48 cents from higher finance costs
The DPU will be paid out on June 18.
May 07, 2024
Broker's Calls
UOB Kay Hian maintains 'buy' rating on FLCT with lowered target price of $1.52
UOB Kay Hian has kept its 'buy' call on Frasers Logistic & Commercial Trust (FLCT) at a lowered target price of $1.52.
March 28, 2024
Bonds and treasuries
Frasers Logistics & Commercial Trust prices $175 mil bond due 2029
The senior notes will carry a coupon of 3.83% per annum, payable semi-annually in arrear.
March 19, 2024
REITs
FLCT maintains portfolio occupancy at 95.8%
It was able to achieve a rental reversion of 11.6%
January 30, 2024