Frasers Logistics & Commercial Trust - UOB Kay Hian 2023-08-14: 3QFY23 In Line; BUY For Growth In Logistics Rents

• Frasers Logistics & Commercial Trust (SGX:BUOU) provided a business update for 3QFY23:

Strong rental reversion from logistics.

• Frasers Logistics & Commercial Trust achieved average rental reversion of +21.4% on average rent vs average rent basis and +9.8% on an incoming rent vs outgoing rent basis in 3QFY23.
• - Read this at SGinvestors.io -
• Business Park in the UK saw green shoots of recovery with an uptick in positive rental reversion of +23.4%.

Portfolio occupancy inched higher by 0.3ppt q-o-q to 95.9%.

• Frasers Logistics & Commercial Trust has maintained full occupancy of 100% for logistics properties across Australia, Europe and the UK. Occupancy for Alexandra Technopark improved slightly by 1ppt q-o-q to 95.3%.
• - Read this at SGinvestors.io -
• Frasers Logistics & Commercial Trust has also maintained a long portfolio WALE of 4.4 years.

Value-accretive developments in the UK.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-11-25 Frasers Logistics & Commercial Trust 2HFY25 - Higher Occupancies, Less Reliance On Capital Distribution.

Previous report by UOB:
2025-08-05 Frasers Logistics & Commercial Trust - Double-digit Reversion From Australia In 3QFY25; Rapid Backfilling In Singapore.

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

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

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