- Frasers Logistics & Commercial Trust (SGX:BUOU)’s 2HFY23 adjusted net property income (NPI) and DPU fell 4.0% and 6.6% y-o-y to S$155.5m and S$0.0352, respectively. Results were adversely impacted by depreciation of AUD against S$, higher energy and utility expenses as well as lower average occupancies at its Maxis Business Park and 357 Collins Street assets.
FY23 DPU slipped 7.6%
- - Read this at SGinvestors.io -
- Frasers Logistics & Commercial Trust’s FY23 DPU of S$0.0704 made up 98.2% of our forecast.
Stellar 4QFY23 portfolio rental reversions of 30.1%
- - Read this at SGinvestors.io -
- FY23 portfolio rental reversions came in at 18.9%.
Marginally lower occupancy rate of 96.0%
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2023-11-03
Previous report by OCBC:
2023-08-03 Frasers Logistics & Commercial Trust - Positive Leasing Momentum.
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
