- Cap rates have reversed to expansion of 110bp y-o-y in Australia and 75bp y-o-y in Germany. We like Frasers Logistics & Commercial Trust for its exposure to growth in Australia and Germany, which accounted for 50.3% and 23.4% of its portfolio valuation respectively.
- - Read this at SGinvestors.io -
Australia: Resilient growth despite marginal pullback.
- E-commerce penetration has stabilised at 12.8%. According to CBRE, growth in net face rents for prime logistics space has slightly moderated but remains significant at 22% and 25% y-o-y for Sydney and Melbourne respectively in 4Q23, compared with 11% for Brisbane.
- - Read this at SGinvestors.io -
Germany: Resiliency from efforts to build resilient supply chains.
- 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/ 2024-03-27
Previous report by UOB:
2023-08-14 Frasers Logistics & Commercial Trust - 3QFY23 In Line; BUY For Growth In Logistics Rents.
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 Dividends & Corporate Actions,
Frasers Logistics & Commercial Trust News Articles
