Frasers Logistics & Commercial Trust - UOB Kay Hian 2024-08-06: Strong Positive Rental Reversion From Australia In 3QFY24

• 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 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 2 other brokers at Frasers Logistics & Commercial Trust Target Prices.

Listing of research reports at Frasers Logistics & Commercial Trust Analyst Reports.

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