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FLCT sees "no material impact" from pandemic on its portfolio of largely logistics properties

Amala Balakrishner
Amala Balakrishner8/4/2021 11:54 PM GMT+08  • 2 min read
FLCT sees "no material impact" from pandemic on its portfolio of largely logistics properties
Its portfolio is worth $6.8 billion
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Frasers Logistics & Commercial Trust (FLCT), maintains that the pandemic thus far has “no material impact” on its portfolio.

In a business update, FLCT estimates that the economic fallout of Covid-19 has impacted some $1.1 million of its distributable income for 9MFY21.

This felt through rental waivers and allowance for doubtful receivables, mainly from its retail segment which accounts for 1.6% of its portfolio.

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