Frasers Logistics & Industrial Trust | Buy June 7 close: S$1.07 Target price: S$1.12 OCBC Investment Research, June 7

Frasers Logistics & Industrial Trust (FLT) announced on Tuesday that it has proposed to acquire a portfolio of seven fully leased or pre-committed industrial properties in Australia from its sponsor Frasers Centrepoint Limited (FCL).

We are positive on this transaction as we believe the proposed acquisition carries a number of positive attributes, such as having a long weighted average lease expiry and 100 per cent occupancy.