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Frasers Logistics & Commercial Trust (FLCT)
Results
FLCT reports 2HFY2022 DPU of 3.77 cents, down 2.8%
Adjusted net property income for 2HFY2022 was down 10.6% y-o-y to $162.1 million.
November 10, 2022
REITs
FLCT completes divestment of Port Melbourne property at lower consideration of $37.5 mil
The new consideration is A$1.0 million lower than the previous consideration of A$42.5 million.
October 25, 2022
Broker's Calls
S-REITs now at 'attractive levels' with bargains emerging following recent panic selling: UOB Kay Hian
Some of UOB Kay Hian's top picks include CLAS, FCT and LREIT.
October 13, 2022
Broker's Calls
UOB Kay Hian remains ‘overweight’ on logistics REITs in Singapore, calls ‘buy’ on FLCT and MLT
Singapore is “an ideal hub to support e-commerce fulfilment”, UOB KH says.
September 15, 2022
Broker's Calls
Some office and retail S-REITs could rebound, but expect a 'fear of recession' ahead: DBS
“Despite reopening plays doing well year-to-date, up 10%, we believe the hospitality and office sectors will continue to shine.”
August 29, 2022
Property
FLCT acquires prime freehold logistics property in North West England, UK at an estimated cost of $175.9 mil
The development of the property is expected to be completed in the second half of 2023 and will be leased to Peugeot.
June 27, 2022
REITs
FLCT acquires three freehold logistics and industrial properties in Australia for $65.2 mil
The acquisition will be fully funded by the divestment proceeds of Cross Street Exchange in Singapore.
June 11, 2022
Broker's Calls
Analysts maintain ‘buy’ calls on FLCT, with target prices starting from $1.56
Analysts have maintained their “buy” and “add” calls on FLCT, although some have lowered their target prices.
February 09, 2022
Results
Frasers Logistics & Commercial Trust says pandemic has had 'no material impact' on business
Frasers Logistics & Commercial Trust (FLCT) has seen a $0.2 million dip in its distributable income for 1QFY2021 ended Dec 31.
February 07, 2022
REITs
FLCT to divest Cross Street Exchange for $810.8 mil
The consideration amount represents a 28.3% premium to the leasehold property’s book value of $632.0 million as at Sept 30, 2021.
January 25, 2022