In a business update on Aug 1, FLCT says its gearing was up 0.7 percentage points (ppts) q-o-q to 28.6% as at June 30, while cost of borrowing also inched up 0.2% ppt to 2.0%.
Frasers Logistics and Commercial Trust (FLCT) (SGX:BUOU
) has reported portfolio occupancy of 96.2% and weighted average lease expiry of 4.4 years at the end of 3QFY2023 ended June, compared to 95.9% and 4.5 years in the previous quarter.
As at June 30, FLCT has 99 logistics and industrial properties and eight commercial properties, with a total portfolio value of some $6.9 billion. Total net lettable area is 2.7 million sq m, and while the logistics and industrial properties are 100% occupied, the commercial properties have an occupancy rate of 90.6%.
