- Frasers Logistics & Commercial Trust (SGX:BUOU)’s 3QFY24 business update was a continued showcase of its robust rental reversions trend, driven mainly by its L&I assets. On an overall portfolio basis, this came in at 25.1% in 3QFY24 and 21.2% in 9MFY24.
Stellar rental uplift for L&I portfolio offset hy commercial
- - Read this at SGinvestors.io -
- It was a mixed bag for this segment, as there were positive rental reversions recorded in the UK (Southeast/Birmingham) and Victoria, Australia, but weaker commercial rents were secured in Singapore (-4.3%) and Western Australia (-19.7%).
Backfilling space vacated by Google in Singapore
- - Read this at SGinvestors.io -
- While there is more work to be done, Frasers Logistics & Commercial Trust said that there is a healthy pipeline of leasing enquiries, and it is also prepared to offer higher leasing commissions to expedite the backfilling process.
Commercial portfolio saw an uptick in occupancy which drove higher overall portfolio occupancy rate
- 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/ 2024-08-01
Read also OCBC's most recent report:
2024-11-07 Frasers Logistics & Commercial Trust - Solid Rental Reversions Likely To Continue.
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
