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3 reasons why you should take a closer look at this REIT

Gwyneth Yeo
Gwyneth Yeo11/3/2016 03:09 PM GMT+08  • 2 min read
3 reasons why you should take a closer look at this REIT
SINGAPORE (Nov 3): DBS Group Research is maintaining its “buy” rating for Frasers Logistics and Industrial Trust with a target price of $1.10 for its relatively high yield, long leases and strong sponsor.
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SINGAPORE (Nov 3): DBS Group Research is maintaining its “buy” rating for Frasers Logistics and Industrial Trust with a target price of $1.10 for its relatively high yield, long leases and strong sponsor.

FLT has declared a maiden distribution per unit of 1.84 cents for FY16, 2.8% above its projections at IPO due to lower than expected interest costs.

This means full-year the REIT could offer a yield of 7% which is “attractive in the current low-yield environment”, notes DBS analysts Derek Tan and Mervin Song.

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