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Frasers Logistics & Commercial Trust (FLCT)
Results
FLCT reports 1HFY2023 DPU of 3.52 cents, 8.6% lower y-o-y
The lower DPU came on the back of lower revenue and adjusted NPI during the six-month period.
May 04, 2023
REITs
FLCT CEO Wallace to step down, successor to be appointed
Wallace joined what was then Australand Property Group in August 2007.
February 14, 2023
Broker's Calls
Broker's Digest: Yangzijiang Shipbuilding, Golden Agri-Resources, Genting Singapore, APAC Realty, FLCT
See what the analysts have to say this week.
November 17, 2022
Billion Dollar Club 2022
Frasers Logistics & Commercial Trust tops REIT sector; Parkway Life REIT and Mapletree Industrial Trust win too
The value of the assets under the REIT has increased threefold over a five-year period, from $1.6 billion at IPO to $7.3 billion
November 10, 2022
Results
FLCT reports 2HFY2022 DPU of 3.77 cents, down 2.8%
Adjusted net property income for 2HFY2022 was down 10.6% y-o-y to $162.1 million.
November 10, 2022
REITs
FLCT completes divestment of Port Melbourne property at lower consideration of $37.5 mil
The new consideration is A$1.0 million lower than the previous consideration of A$42.5 million.
October 25, 2022
Broker's Calls
S-REITs now at 'attractive levels' with bargains emerging following recent panic selling: UOB Kay Hian
Some of UOB Kay Hian's top picks include CLAS, FCT and LREIT.
October 13, 2022
Broker's Calls
UOB Kay Hian remains ‘overweight’ on logistics REITs in Singapore, calls ‘buy’ on FLCT and MLT
Singapore is “an ideal hub to support e-commerce fulfilment”, UOB KH says.
September 15, 2022
Broker's Calls
Some office and retail S-REITs could rebound, but expect a 'fear of recession' ahead: DBS
“Despite reopening plays doing well year-to-date, up 10%, we believe the hospitality and office sectors will continue to shine.”
August 29, 2022
Property
FLCT acquires prime freehold logistics property in North West England, UK at an estimated cost of $175.9 mil
The development of the property is expected to be completed in the second half of 2023 and will be leased to Peugeot.
June 27, 2022