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Frasers Logistics & Commercial Trust (FLCT)
Broker's Calls
DBS optimistic on S-REITs as they remain 'attractive inflation hedge'
DBS Group Research has handed 9 S-REITs a 'buy' rating. Find out why.
June 09, 2021
Broker's Calls
Broker's Digest: Grand Venture Technology, FLCT, banks, Koufu, Kimly
See the analysts' recommendations and target prices here.
May 28, 2021
Broker's Calls
CGS-CIMB positive on FLCT’s acquisition of Europe properties but leaves TP unchanged for now pending completion
CGS-CIMB has kept its ‘add’ rating for FLCT with an unchanged target price of $1.57.
May 25, 2021
REITs
FLCT raises $335.8 mil from private placement with issue price at top end of range
The placement was 2.8 times subscribed.
May 25, 2021
REITs
FLCT acquires six properties in Europe and UK for $549 mil, launches private placement to raise $300 mil
Four of the properties are being acquired from sponsor Frasers Property.
May 24, 2021
Results
FLCT declares 9.5% higher DPU of 3.8 cents for 1H21
FLCT reported a record revenue of $231.7 mil for the period, up 95% y-o-y.
May 06, 2021
Broker's Calls
GIC-ESR Cayman acquisition of Blackstone assets to benefit industrial S-REITs: DBS
MLT, FLCT and ARA LOGOS will be "the most leveraged to benefit" from the transaction.
April 21, 2021
Broker's Calls
Continue to 'add' FLCT as it joins the STI: CGS-CIMB
CGS-CIMB continues to like FLCT for its "visible inorganic growth potential and income resilience".
April 12, 2021
REITs
FLCT to join STI from April 13, replacing Jardine Strategic
FLCT’s market capitalisation stands at $5.04 bil as of April 8.
April 09, 2021
Broker's Calls
Good time to buy large cap industrial S-REITs after recent correction in prices: DBS
Top picks include Ascendas REIT, Frasers Logistics & Commercial Trust, and Mapletree Logistics Trust.
March 16, 2021