This is “driven by (i) enlarged portfolio through the accretive merger, (ii) contribution from the more than $777 million worth of acquisitions over the past [year] and (iii) annual rental escalations in leases,” they add.
SINGAPORE (June 9): The merger between Frasers Logistics and Industrial Trust and Frasers Commercial Trust has yielded good results, with the merged Frasers Logistics & Commercial Trust (FLCT) being among the top 10 S-REITs, say DBS analysts Dale Lai and Derek Tan.
“We like FLCT for its resilience in income [and] steady organic growth profile of 3.3% CAGR over the next two years,” they elaborate in their June 9 note.
