Frasers Logistics and Commercial Trust (FLCT)

49.3% of Frasers Logistics and Commercial Trust's portfolio is located in Australia.

DBS and CGS-CIMB analysts maintain “buy” and “add” calls with TPs of $1.55 and $1.52 respectively.

During the quarter, the REIT saw some 239,500 sqm in leases and renewals. Rental reversions stood positive at 2.8%.

Analyst Jonathan Koh says the German economy could be the REIT’s “Achilles’ heel”.

As at June 30, FLCT has 105 properties across five countries with a portfolio value of $6.5 billion.

The analysts also like the REIT’s ‘stable’ 1HFY2022 results

Acquisitions continue apace as some REITs opt to acquire at the development stage for better NPI yields

The notes were issued under a newly established sustainable finance framework.

A final ordinary dividend of 1.5 cents has been recommended, which will be paid on Feb 10, 2021.

To date, the best performing REIT since the market made its low on March 23 this year is Frasers Logistics and Commercial Trust (FLCT), which was formerly known as Frasers Logistics and Industrial Trust. The renaming followed its merg