Frasers Logistics & Commercial Trust (FLCT)

According to Robert Wallace, CEO of the manager, the façade enhancement is “is in line” with FLCT’s asset management strategy.

As at 11.28am, units in FLCT are trading 3 cents higher or 2.1% up at $1.44.

Units in FLCT closed 1 cent lower or 0.7% down at $1.45 on Feb 3.

The consideration represents a 19.4% premium to FLCT’s South Australia portfolio’s total book value of A$24.8 million.

The merger has broadened FLCT's investment mandate to encompass office & business parks and CBD commercial sectors.

All three were recognised for their sustainability efforts in the 2020 GRESB Real Estate Assessment.

DBS Group Research and CGS-CIMB have maintained their “buy” and “add” calls on Frasers Logistics Commercial Trust (FLCT), with target prices of $1.43 and $1.60 respectively.

This is the first financial quarter for FLCT as an enlarged REIT after the merger of Frasers Logistics Trust and Frasers Commercial Trust in April.

Upon completion of these transactions, FLCT will have 100 properties with a total lettable area of approximately 2.6 million sqm and a portfolio value of approximately $6.0 billion.

Frasers Logistics & Commercial Trust (FLCT) is on a “stronger growth trajectory” following its merger in April, with a stable and resilient portfolio, say CGS-CIMB analysts Lock Mun Yee and Eing Kar Mei in a July 13 report.