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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