- Frasers Logistics & Commercial Trust (SGX:BUOU) provided its 3QFY24 business update. We observed some encouraging data points.
Logistics drive strong positive reversions.
- - Read this at SGinvestors.io -
- Logistics properties at Nuremburg in Germany provided positive rental reversion of 3.1%. Logistics properties across Europe and the UK were fully occupied at 100%. Occupancy for logistics properties in Australia was 99%.
Backfilling vacant space in Singapore.
- - Read this at SGinvestors.io -
- Frasers Logistics & Commercial Trust is working on backfilling the remaining vacant space but competition from other business parks remains tough.
Backfilling vacant space in the UK.
- 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/ 2024-08-06
Read also UOB's most recent report:
2024-11-07 Frasers Logistics & Commercial Trust 2HFY24 - Logistics Properties Propel Growth & Rental Reversion.
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
