frasers L&C trust
Stocks to watch: OCBC, FLCT, Keppel Infrastructure Trust, UltraGreen.ai
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 5):
Frasers Logistics & Commercial Trust H1 DPU drops 1.7% to S$0.0295
Distributable income for the period falls 1% to S$111.9 million
FLCT acquires Dutch logistics facility for 43 million euros
The purchase is expected to be accretive to the trust’s distribution per unit
FLCT logs positive rental reversions in Q1, boosted by logistics and industrial segment
However, its commercial side recorded negative rental reversions
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
