- In the last quarter, Frasers Logistics & Commercial Trust (SGX:BUOU) experienced robust leasing activity with consistently positive rental reversions. They successfully concluded approximately 100,000sqm of leases in 4QFY23.
- - Read this at SGinvestors.io -
Rental reversions in 4QFY23 continued to be positive
- Rental reversions in 4QFY23 continued to be positive, with the logistics & industrial (L&I) portfolio witnessing an impressive 33.5% increase in rents, while the commercial portfolio saw a 9.2% uptick in rents.
- On a full-year basis, Frasers Logistics & Commercial Trust reported an overall positive rental reversion of 18.9% for its entire portfolio. This growth was primarily driven by leases signed in Australia, both for L&I and commercial properties, as well as the commercial leases in Singapore.
Stable occupancy rates & minimal lease expiries.
- - Read this at SGinvestors.io -
- While the L&I portfolio remained fully occupied, there was a marginal 0.2ppt decline in overall occupancy, mainly attributable to vacancies at Central Park, 357 Collins Street, Farnborough Business Park, and Maxis Business Park.
Lease renewals for FY24 have already begun.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-11-02
Read also DBS's most recent report:
2024-05-08 Frasers Logistics & Commercial Trust - L&I Portfolio Remains Integral To Earnings.
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