See: Frasers Logistics & Commercial Trust says Covid-19 pandemic as 'no material impact' on portfolio in 1Q business update
CGS-CIMB and OCBC have also upped their target price estimates to $1.57 from $1.50 previously, and $1.62 from $1.59 respectively. The way they see it, the REIT’s portfolio reflects continued resilience as it reported high portfolio occupancy of 97.2% for the 1QFY2021 ended December. The industrial and logistics portfolio remained fully occupied while the commercial portfolio slipped slightly to 93.6% during the quarter. The REIT also reported a healthy balance sheet with gearing at 36.2% as at end-December, with interest coverage ratio of 6.5 times.
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