Frasers Logistics & Commercial Trust - OCBC Investment 2023-11-03: A New Dawn Awaits

• 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 an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-05-07 Frasers Logistics & Commercial Trust - Lower Distribution Per Unit.

Previous report by OCBC:
2025-02-05 Frasers Logistics & Commercial Trust - Robust Start To FY25 In Terms Of Rental Reversions.

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