Frasers Logistics & Commercial Trust - DBS Research 2024-11-07: Acquisitions Key To Earnings Growth

• With a gearing of below 35%%, Frasers Logistics & Commercial Trust has the lowest gearing amongst its peers and debt headroom of ~S$900bn before gearing reaches 40%.

FY24 revenue and NPI were higher y-o-y

• - Read this at SGinvestors.io -
• These strategic developments bolstered Frasers Logistics & Commercial Trust’s top-line performance despite challenges in the commercial property sector.
• - Read this at SGinvestors.io -
• Financing costs for FY24 saw a substantial y-o-y increase of 40.4%, driven by elevated interest rates and additional loans secured to fund both the development projects and acquisitions.

FY24 DPU was 3.4% lower y-o-y

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-05-08 Frasers Logistics & Commercial Trust - Recalibrating For More Sustainable Earnings.

Previous report by DBS:
2025-02-06 Frasers Logistics & Commercial Trust - Focused On Core Earnings.

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 Dividend Payout Dates & Corporate Actions,
Frasers Logistics & Commercial Trust News