This REIT is loaded with acquisition ammo

SINGAPORE (Feb 7): DBS Vickers Securities is reiterating its “buy” recommendation on Frasers Industrial & Logistics Trust (FLT) with a price target of $1.10, on the belief that the REIT offers steady returns with the “firepower” to make further acquisitions.

FLT on Monday declared a distribution per unit (DPU) of 1.74 cents for the 1Q ended Dec 2016, exceeding its initial public offering (IPO) forecasts by 6.1% due to interest savings from a lower actual weighted interest rate compared to what was forecasted.