frasers L&C trust
Frasers Logistics & Commercial Trust H2 DPU drops 11.1% to S$0.0295
Revenue for the period rises 3.7% to S$239.2 million, from S$230.6 million previously
FLCT prices S$100 million notes due 2034 at 2.45%
The notes, rated “BBB+” by Fitch Ratings, will be issued on Aug 15 under the Reit’s S$1 billion multi-currency debt issuance programme
Frasers Logistics & Commercial Trust’s portfolio occupancy falls to 92.5%
It has leased a total of 419,811 sq m of space in the year to date
FLCT to divest commercial building in Australia for A$192.1 million, exiting Melbourne CBD office market
The trust’s manager says the sector continues to suffer from challenging conditions
Frasers Logistics & Commercial Trust posts 13.8% lower H1 DPU of S$0.03 amid challenges in commercial portfolio
Revenue is up by 7.5% at S$232.3 million for the period
Frasers Logistics & Commercial Trust leases 175,000 sq m in Q1, posts 94.3% occupancy rate
The weighted average lease expiry of its portfolio stands at 4.6 years overall
FLCT posts 5.7% drop in H2 DPU to S$0.0332 despite higher revenue
This brings DPU for the full year to S$0.068, a 3.4% decline from S$0.0704 previously
FLCT to acquire Tuas logistics facility for S$140.3 million
Percentage of logistics and industrial assets within Trust’s portfolio will increase from 70.9% to 71.5% after acquisition is completed
FLCT renews 12-year lease for Australian office building
As at Mar 31, the Caroline Chisholm Centre accounted for 3.2% of FLCT’s portfolio value
Frasers Logistics & Commercial Trust leases 90,000 sq m in Q3, occupancy rises to 95%
Its top 10 tenants account for 23% of portfolio gross rental income
