- Frasers Logistics & Commercial Trust provided a business update for 3QFY25. One of the key highlights was the very strong rental reversions achieved across both its L&I and commercial portfolios.
Robust 3QFY25 and 9MFY25 rental reversions driven largely by its L&I portfolio.
- - Read this at SGinvestors.io -
- Rental reversions for its commercial portfolio were 17.7% due to leases signed in Singapore, UK and Australia, and culminated in overall portfolio rental reversions of 43.3%.
- Cumulatively, portfolio rental reversions were 30.7% for 9MFY25.
Portfolio occupancy fell 1.4 ppt q-o-q to 92.5%.
- Notwithstanding the strong rental performance, there was some pressure on occupancy rates, as this fell 1.4 ppt q-o-q to 92.5%. Occupancy for Frasers Logistics & Commercial Trust’s L&I portfolio fell 2.9 ppt q-o-q to 95.7% due to declines in Australia and Singapore. It is looking to backfill the vacated asset in Sydney, with a slight cooling off in enquiries observed amid uncertainties in the market.
- - Read this at SGinvestors.io -
- No leases were secured during the quarter for Alexandra Technopark in Singapore but Frasers Logistics & Commercial Trust remains in negotiations with prospective tenants.
Aggregate leverage ratio increased 0.7 ppt q-o-q to 36.8%.
- Read more at SGinvestors.io.
