- Frasers Logistics & Commercial Trust reported a very healthy set of operating metrics for 1QFY25. However, we understand that there have been some strategic changes regarding capital gains distribution and the payment of manager’s fees in units/cash.
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Another quarter of strong positive rental reversions averaging +37.4%.
- Frasers Logistics & Commercial Trust continues to report strong positive rental reversions, primarily driven by its Logistics & Industrial (L&I) portfolio in Australia and Germany. The resilience of this segment has contributed significantly to the REIT’s overall organic revenue growth.
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- Importantly, there is no break clause, reinforcing long-term income stability for Frasers Logistics & Commercial Trust. However, rental reversions at ATP in Singapore were slightly negative, at -2.3%. While this represents a minor setback, the overall positive rental reversion trends across Frasers Logistics & Commercial Trust’s portfolio continue to support its earnings growth.
Increase in gearing due mainly to recent acquisition, while borrowing costs remained stable q-o-q.
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