In addition, FLCT’s overall portfolio rental reversions came in at 2.6% up in 2QFY2022 ended March, which can be split into 2.1% up for its logistics and industrial (L&I) portfolio, and 2.6% up for its commercial assets.
Analysts are positive on Frasers Logistics Commercial Trust (FLCT) as they expect potentially higher capital distribution from the Cross Street Exchange (CSE) divestment to be helpful for FY2022.
For the 1HFY2022 ended March, FLCT’s revenue and adjusted net property income (NPI) grew 1.7% and 3.6% y-o-y to $235.7 million and $180.1 million respectively.
