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FLT notches up first-day gain

Wednesday, June 22, 2016 - 05:50

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FLT's weighted average lease expiry of 6.9 years for the IPO portfolio is more than that of all the other logistics and industrial Reits in Singapore, and its gearing level is among the lowest here too, analysts say

Singapore

THE second real estate investment trust (Reit) to list on the Singapore Exchange this year has done better than the first, though the bar was not that high to begin with.

Australian industrial property landlord Frasers Logistics & Industrial Trust (FLT) closed at S$0.

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