- 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 the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-11-07
Previous report by DBS:
2024-05-08 Frasers Logistics & Commercial Trust - L&I Portfolio Remains Integral To Earnings.
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
