Frasers Logistics & Commercial Trust - DBS Research 2022-11-11: Surprise Uplift In Valuations

• See Frasers Logistics & Commercial Trust's announcement dated 10 Nov 2022 for its FY22 financial results.

Distributable income increased 4.3% y-o-y.

• - Read this at SGinvestors.io -
• Proceeds from divestment of Cross Street Exchange have mostly been used to repay loans, and this led to lower financing costs in FY22.
• ~$8.2m in capital distributions were paid out in FY22, to help buffer the absence of income from Cross Street Exchange divestment. Capital distributions would have been more if not for the savings in financing costs and additional income from subsequent acquisitions.
• Management expects capital distributions in FY23 to be lower as forward-funded development and expansion projects gradually come online in the coming quarter and start contributing income.
• - Read this at SGinvestors.io -

FY22 DPU of 7.62 cents came in slightly below projections

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-07-17 Frasers Logistics & Commercial Trust - Exiting The Challenging Melbourne Office Market.

Previous report by DBS:
2025-05-08 Frasers Logistics & Commercial Trust - Recalibrating For More Sustainable Earnings.

Price targets by other brokers at Frasers Logistics & Commercial Trust Target Prices.

Listing of research reports at Frasers Logistics & Commercial Trust Analyst Reports.

Relevant links:
Frasers Logistics & Commercial Trust Share Price History,
Frasers Logistics & Commercial Trust Announcements,
Frasers Logistics & Commercial Trust Dividend Payout Dates & Corporate Actions,
Frasers Logistics & Commercial Trust News