The analysts all note a positive rental reversion across FLCT’s lease expiries in 2QFY2023.
Analysts at DBS Group Research (DBS) and CGS-CIMB Research remain positive on Frasers Logistics and Commercial Trust (FLCT) (SGX:BUOU
) amid strong positive rental reversions, income contribution from completed development projects and stable occupancy rates in 1HFY2023 ended March 31.
Both DBS analysts Dale Lai and Derek Tan and CGS-CIMB analysts Lock Mun Yee and Natalie Ong have maintained their “buy” and “add” calls. DBS’s Lai and Tan have kept their target price of $1.55 while CGS-CIMB’s Lock and Ong have upped their target price to $1.52 from $1.38 previously.
