Frasers Logistics & Industrial Trust (FLT)

“We like FLCT for its resilience in income [and] steady organic growth profile of 3.3% CAGR over the next two years,” say DBS research group analysts

“Not only is the merger DPU accretive for FLT, the enlarged portfolio would bring some diversification to FLT’s existing portfolio in terms of geography and asset class,” says GS-CIMB analysts.

Distributable income came in at A$43.1 million, up 16.7% y-o-y from last year’s A$36.9 million. This maintains the full payout of 2QFY2020’s distributable income.

The total consideration for the proposed merger comprises $138.1 million in cash and some 1,128.1 million consideration units.

SINGAPORE (Dec 9): Singapore’s real estate investment trusts (S-REITs) continue to excite market watchers, amid a flurry of mergers and acquisitions this year.

SINGAPORE (Dec 9): On Dec 2, during a media briefing, Robert Wallace, CEO of Frasers Logistics & Industrial Trust (FLT), said one of the benefits of merging with Frasers Commercial Trust (FCOT) was that the joint real estate investment trust (REIT) would

SINGAPORE (Dec 3): CGS-CIMB Research is staying positive on Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT), after the respective managers on Monday announced a proposed merger to create an enlarged REIT with a total portfol

SINGAPORE (Dec 2): Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) are proposing to merge to create an enlarged REIT with a total portfolio worth a total of $5.7 billion, the respective managers announced on Monday.

(Nov 28): Frasers Logistics & Industrial Trust and Frasers Commercial Trust are planning to merge, according to people familiar with the matter, as consolidation among Singapore’s real-estate investment trusts gathers pace.

SINGAPORE (July 31): Frasers Logistics & Industrial Trust (FLT) has raised $258.1 million through a private placement to partially fund its proposed acquisitions of 12 logistics properties in Australia and Germany.