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Frasers Logistics and Industrial Trust continues to grow Down Under

Benjamin Cher
Benjamin Cher9/9/2016 01:37 PM GMT+08  • 2 min read
Frasers Logistics and Industrial Trust continues to grow Down Under
SINGAPORE (Sept 9): UOB Kay Hian is maintaining its “buy” call on Frasers Logistics and Industrial Trust (FLT) as it offers the best growth potential plus a high 6.8% yield.
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SINGAPORE (Sept 9): UOB Kay Hian is maintaining its “buy” call on Frasers Logistics and Industrial Trust (FLT) as it offers the best growth potential plus a high 6.8% yield.

In a Friday note, lead analyst Derek Chang says FLT’s growth prospects remain bullish with acquisition pipeline and asset enhancement initiatives flagged as growth engines.

The REIT currently has nine right-of-first-refusal completed assets. Two had their leases extended while a third is in the advanced stages of lease extension, says Chang.

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