- 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 the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-08-14
Read also UOB's most recent report:
2024-03-27 Frasers Logistics & Commercial Trust - Continued Growth From Australia & Germany.
Price targets by 2 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 Dividends & Corporate Actions,
Frasers Logistics & Commercial Trust News Articles
