Analysts from CGS-CIMB Research and OCBC Investment Research have maintained “add” on Frasers Logistics & Commercial Trust (FLCT) after the REIT posted its updates for the 3QFY2021 on Aug 4.

CGS-CIMB analysts Lock Mun Yee and Eing Kar Mei have upped their target price to $1.62 from $1.57 amid the REIT’s “stable operating and financial metrics” during the quarter.

FLCT posted an overall portfolio occupancy of 96.3%, 0.5 percentage points lower q-o-q due to a slight slip in its commercial portfolio.

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