See more: FLCT posts higher rental reversions in 1QFY2025 update
Frasers Logistics and Commercial Trust (FLCT) has on Feb 4 released its 1QFY2025 ended Dec 31, 2024 business update, which The trust reported an active leasing momentum with overall positive rent reversions achieved. It has 175,000 sqm of leases and renewals, with logistics and industrial (L&I) rental reversions came in at 21.3% higher (outgoing vs incoming) and 41.8% higher (average vs average) for about 126,800 sqm of new/renewal leases signed in 1QFY2025.
The trust has also continued its prudent capital management, with 4.9x interest coverage ratio, as compared to 5.0x in the previous quarter. The trailing 12-month borrowing cost stands at 2.9%, while the trailing three-month borrowing cost is at 3.1%.
