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Frasers Logistics Trust kept at 'buy' with $1.19 fair value on pipeline of potential acquisitions

PC Lee
PC Lee1/28/2019 01:12 PM GMT+08  • 2 min read
Frasers Logistics Trust kept at 'buy' with $1.19 fair value on pipeline of potential acquisitions
SINGAPORE (Jan 28): OCBC Investment Research is maintaining Frasers Logistics & Industrial Trust (FLT) at “buy”.
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SINGAPORE (Jan 28): OCBC Investment Research is maintaining Frasers Logistics & Industrial Trust (FLT) at “buy”.

FLT currently has a ROFR (right of first refusal) for over 44 properties from its sponsor, of which 17 are in Australia and the rest is in Europe.

While not all will be suitable for FLT, management says there are a number of stabilised assets which it can potentially look at.

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