Frasers Logistics & Commercial Trust - UOB Kay Hian 2024-03-27: Continued Growth From Australia & Germany

• 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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-02-10 Frasers Logistics & Commercial Trust - Resiliency & Growth From Focus On Logistics Properties.

Previous report by UOB:
2025-01-02 Frasers Logistics & Commercial Trust - Strength Of Logistics Portfolio & Balance Sheet Unshaken By Controversies.

Price targets by 3 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