- Frasers Logistics & Commercial Trust (SGX:BUOU) reported DPU of 2.95 cents for 1HFY26 (-1.7% y-o-y), which is above our expectation. The performance is commendable because capital distribution from past divestment gains was only S$5.0m, significantly below last year’s S$18.0m.
- - Read this at SGinvestors.io -
Logistics properties at near full occupancy.
- Frasers Logistics & Commercial Trust’s logistics properties in Australia, Europe and the UK maintained full occupancy of 100% in 2QFY26. Occupancy for logistics properties in Singapore improved slightly by 2.7ppt q-o-q to 94.3%.
- Overall, occupancy for Frasers Logistics & Commercial Trust’s logistics portfolio maintained at almost full occupancy of 99.8%.
New leases at ATP to commence by Jan 27.
- - Read this at SGinvestors.io -
- Occupancy at Alexandra Technopark (ATP) in Singapore was stable at 85.6%. It has backfilled 83% of the ex-Google space as of Mar 26 (Dec 25: 82%). Majority of the new leases at ATP will commence by Jan 27.
- Occupancy at Maxis Business Park in the UK dropped 8.6ppt q-o-q to 82.8% due to non-renewals for two tenants but FLT has since backfilled one of the vacant spaces.
Broad-based positive reversion from logistics.
- Read more at SGinvestors.io.
