SGX Listed REIT

FRASERS COMMERCIAL TRUST (SGX:ND8U)



FRASERS COMMERCIAL TRUST (ND8U.SI) has been delisted with effect from 2020-04-29.

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Share Price as of: -
Market / ISIN Code: SGX Mainboard / SG2C81967185
GICS® Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Office REITs


Frasers Commercial Trust Blogger ArticlesFRASERS COMMERCIAL TRUST Blogger Articles SGX Listed FRASERS COMMERCIAL TRUST (SGX:ND8U) Blogger Articles ND8U.SI Blogger Articles
DollarsAndSense.sg
Dinesh Dayani
2020-09-06 02:04:04
4 Stocks This Week (Most Bought S-REITs) [4 September 2020] Sabana; FLCT; AREIT; MLT
In the 12 weeks between 9 June to 28 August, the 10 Singapore REITs that received the highest net institutional inflows also delivered an average return of 6%. In comparison, the remaining Singapore REITs delivered an average return of -9% in the same time. This highlights the effect of “smart money” – commonly associated with institutional investors, rather than retail investors – being invested. For this week’s 4 Stocks This Week, we look at the top four Singapore REITs which received the highest net institutional inflows, proportionate to their market capitalisation. Sabana REIT (SGX: M1GU) With a market capitalisation of $390 million, Sabana REIT saw the S-REIT sector’s highest proportionate net institutional inflows since 9 June 2020. Between 9 June to 28 August, Sabana RE
REIT-TIREMENT
Vince
2020-08-11 07:44:22
Frasers Logistics & Commercial Trust (previously Frasers Logistics & Industrial Trust) Analysis @ 11 August 2020
Basic Profile & Key StatisticsFrasers Logistics & Commercial Trust (FLCT), recently renamed from Frasers Logistics & Industrial Trust (FLT) after merger with Frasers Commercial Trust (FCOT) in April 2020. FLCT invests in Office, Logistics, and Industrial properties. The above sector breakdown is from the latest presentation, weighted by GRI.Lease ProfileOccupancy is healthy at 97.2%. WALE is long at 5.2 years where the highest lease expiry within 5 years of 15.5% falls in year 2025. Weighted average land lease expiry is long at 89.54 years, this figure is estimated from latest presentation, by valuation.Debt ProfileGearing is healthy at 37.4%. Cost of debt is low at 2.1%. Fixed rate debt is low at 55.3% which is favorable in current low-interest environment. Unsecured debt is s
REIT-TIREMENT
Vince
2020-07-05 23:21:04
Case Studies for SREITs with Capital Distribution from Disposal
In previous post, I did calculations for DPU downfall for SREITs with more than 5% income support in their distribution. For this post, we will look at another aspect in which SREITs use its capital distribution to boost their DPU. I will only focus on SREITs with more than 5% capital distribution from disposal in their distribution.Before we start, we will need to set the definition right. There are quite a numbers of SREITs that used the phrase "capital distribution" in their Distribution Statement and this misled a lot of people to think that such dividend is from their cash holding. In fact, most "capital distribution" are refer to distributable income from oversea properties. In tax perspective, income from oversea properties is considered as "capital distribution". Of course, distrib
DollarsAndSense.sg
Sim Kang Heong
2020-06-07 10:34:35
4 Stocks This Week (STI Reserve List) [5 June 2020] Keppel DC; Suntec; Frasers Logistics & Commercial; Keppel REIT
It’s not every day that developments on the Singapore Exchange makes it to the public discourse. But this week it did, thanks to news of Singapore Press Holdings (SGX: T39) being kicked out of Singapore’s benchmark Straits Times Index (STI). This comes a week after SPH was removed from the MSCI Singapore Index. The STI is often used as a proxy for the broader Singapore stock market, consisting of the 30 largest and most liquid blue chip companies on the Singapore Exchange (SGX). These 30 companies account for more than 70% of the market capitalisation of the entire SGX. STI constituents are reviewed every quarter, and the index is reconstituted if stocks no longer qualify to remain on the index or are delisted. In this round of review (dated 4 June 2020), SPH was removed and replaced
REIT-TIREMENT
Vince
2020-06-06 15:34:27
Updated Shared SREITs Data Spreadsheet & SREITs Site Page
After previous post of Case Studies for SREITs with Capital Distribution from Disposal, I've plan to do some update on my shared SREITs Data spreadsheet and SREITs Sites. Afterall, I have never really review these both a long time. SREITs result date page is also updated with SPH REIT being the first to announce result on 1st Apr.Below are the updated items in SREITs Data:i) Distribution from DisposalAdded distribution from disposal column. As mentioned in previous post, some SREITs used this to boost its DPU. It is very easy to miss out this type of info in their financial statement.ii) 3rd SectorIn view of more and more merger between SREITs from different sector, I have added SREITs 3rd sector column. Notable merger between different sectors are:a) Capitaland Mall Tr
AlpacaInvestments
AlpacaInvestments
2020-04-17 15:19:46
The Divergence of Performance between Frasers Property and its REITs
Figure 1, Source: Yahoo FinanceFrasers Property Limited’s (FPL) one-year performance of -11.5% means that it has diverged significantly from its underlying REIT holdings - Frasers Centerpoint Trust, Frasers Commerical Trust, Frasers Logistic Trust and Frasers Hospitality Trust. The strongest performer is FCT, with a one year return of 23.04% (so much for the death of retail), while FLT and FCOT, which are set to merge, returned c.10%. The only underperformer is FHT with a c.-10% return, and evidently the current virus situation isn’t helping. Refer to Figure 1 above for the performance comparison.Figure 2, Source: Yahoo FinanceFurthermore, Frasers Property has underperformed its developer peers listed on the SGX during the past 12 months, including CapitaLand (+3%), CDL (+10%), and UOL
paullowinvestmentjourney
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2020-03-31 20:03:13
Portfolio and dividend update March 2020 - start of covid market crash !
Dividend by month1) singtel2) fcot sgx  starhillg fct sphreit cmt  capitacom mit suntec hsbank lian beng nam lee singpost3)   taisin  hsbank petronas capitaretail4) hsbc dbs5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg Singre teckwah mit sci suntec  hlf ocbc ge6)  netlink hsbank maybank petronas dbs hkland7) singpost  tcil hsbc8) fcot singtel  plife  suntec ocbc  starhill sci steng fct singpost sphreit cmt ock  capitacom  siaen mit sats uob cdg sci ksh gpi dbs9)   hlf teckwah singre capitaretail  petronas hsbank ge hsbc10) sgx tcil lian beng hkland hsbc  maybank11) fcot taisin sgx spost  starhillg fct cmt siaen mit suntec dbs sia netlink hsbc12) sph ksh ock sats  ksh gpi&
REIT-TIREMENT
Vince
2020-03-28 21:04:12
SREITs Basic Fundamental Review - 2020 Mar
Based on 4Q 2019 Result. Click to Enlarge* Ascendas India Trust and Dasin Retail Trust are Business Trusts.The above table is extracted from spreadsheet in SREITs Data page.Dividend Yield:YieldAverageMedianLowestHighestHealthcare8.10%8.10%4.34%11.86%Retail9.16%8.32%5.48%18.13%Office8.18%7.55%4.97%12.02%Hospitality17.49%11.35%9.4%42.71%Industrial8.37%7.66%3.54%13.4%Logistics9.52%10.43%5.07%12.14%* Based on REIT Major SectorFinancial Metrics:Financial MetricsUnitAverageMedianLowestHighestPrice/ NAVtime0.790.710.151.91Market Cap, BS$2.00B0.96B0.17B10.04BProperty Yield (Annualized)%5.895.843.399.30Distribution on Management Feestime8.378.343.9719.02Distribution on Capital (Annualized)%4.114.091.605.64Distribution Margin%52.3554.9821.1771.32* SREITs in Foreign Currencies converted to
Profit Hunting
BlackCat
2020-03-03 14:34:44
Update on Frasers Logistics and Industrial Trust
I looked at FLT 10 months ago, but it never reached my buy price.  With REITs starting to fall, I look again.July 2019 AcquisitionThey acquired another 12 properties.  9 in Germany, 3 in Oz.  Its a significant acquisition, adding 21% to FLT's existing assets.The numbers look good.  All freehold.  8.6 years WALE.  Slightly DPU accretive.  Better lease expiry profile (p4).But the one of the tenants may not be so reliable.  Hermes Gmbh is now a top ten tenant, leasing two buildings.  Its a large logistics company that claims to handle 1 in 3 B2C packages in Germany.  Couldn't find any financial info.  But they are owned by Otto Group, which has 177m in profits, zero cashflow from operations vs 172bn in debt (pp 104-106).Grading
paullowinvestmentjourney
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2020-03-01 09:54:50
Portfolio and dividend update Feb 2020
Dividend by month1) singtel2) fcot sgx  starhillg fct sphreit cmt  capitacom mit suntec hsbank lian beng nam lee singpost3)   taisin  hsbank petronas capitaretail4) hsbc dbs5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg Singre teckwah mit sci suntec  hlf ocbc ge6)  netlink hsbank maybank petronas dbs hkland7) singpost  tcil hsbc8) fcot singtel  plife  suntec ocbc  starhill sci steng fct singpost sphreit cmt ock  capitacom  siaen mit sats uob cdg sci ksh gpi dbs9)   hlf teckwah singre capitaretail  petronas hsbank ge hsbc10) sgx tcil lian beng hkland hsbc  maybank11) fcot taisin sgx spost  starhillg fct cmt siaen mit suntec dbs sia netlink hsbc12) sph ksh ock sats  ksh gpi&
paullowinvestmentjourney
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2020-02-03 14:39:13
Portfolio and dividend update january 2020
Dividend by month1) singtel lianbeng2) fcot sgx  starhillg fct sphreit cmt  capitaretail capitacom mit suntec dbs hsbank3) spost  taisin  nam lee hkland hsbank petronas4) hsbc5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg Singre teckwah mit sci suntec  hlf ocbc ge6)  netlink hsbank maybank petronas dbs7) singpost  tcil hsbc8) fcot singtel  plife  suntec ocbc  starhill sci steng fct singpost sphreit cmt ock  capitacom  siaen mit sats uob cdg sci ksh gpi dbs9)   hlf teckwah singre capitaretail  petronas hsbank ge hsbc10) sgx tcil lian beng hkland hsbc  maybank11) fcot taisin sgx spost  starhillg fct cmt siaen mit suntec dbs sia netlink hsbc12) sph ksh ock sats  ksh gpi  petr
paullowinvestmentjourney
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2020-01-02 17:05:51
Dividend and portfolio update dec 2019
Dividend by month1) singtel lianbeng2) fcot sgx  starhillg fct sphreit cmt  capitaretail capitacom mit suntec dbs hsbank3) spost  taisin  nam lee hkland hsbank petronas4) hsbc5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg Singre teckwah mit sci suntec  hlf ocbc ge6)  netlink hsbank maybank petronas dbs7) singpost  tcil hsbc8) fcot singtel  plife  suntec ocbc  starhill sci steng fct singpost sphreit cmt ock  capitacom  siaen mit sats uob cdg sci ksh gpi dbs9)   hlf teckwah singre capitaretail  petronas hsbank ge hsbc10) sgx tcil lian beng hkland hsbc  maybank11) fcot taisin sgx spost  starhillg fct cmt siaen mit suntec dbs sia netlink hsbc12) sph ksh ock sats  ksh gpi  petr
AlpacaInvestments
Unknown
2019-12-10 11:33:47
FRASERS PROPERTY
With property companies in Singapore being hit by both the recent property cooling measures and the prospect of rising interest rates, many property companies listed here have fallen greatly from their January highs. I've began to take interest in property companies recently, as a number of them are trading close to their 52-week lows. Another proxy for our local residential property market would be APAC Realty, which has seen its share price performing poorly of late. As interest rates increases, home buyers face higher financing costs for their property, which may result in them scaling back on their purchases.In July, when the latest property cooling measures were implemented, property developers here sold off sharply during the next few days. However, it would be important to note that
Investment Income For Life
Blade Knight
2019-12-05 06:53:03
Profiting from Pricing Abnormalities- Merger of Frasers Commercial Trust and Frasers Logistics & Industrial Trust
Ever since the announcement of the upcoming merger between Frasers Commercial Trust ("FCOT") and Frasers Logistics & Industrial Trust ("FLT"), it gave rise to the strange situation of an arbitrage forming due to wide pricing fluctuation between the 2 REITs. Arbitrage is the process of exploiting differences in the price of an asset by simultaneously buying and selling it and in the process, the arbitrageur pockets an almost risk free return. For example,  On 3rd December 2019, the price of FCOT suddenly shot up to S$1.72 when the offered price for the merger exercise valued it at S$1.68.Extract of Merger Scheme for FCOT and FLIT1. Market apparently is trying to price in who received the shorter end of the stickNow, this is a matter of differences in perspectives that lead to the s
paullowinvestmentjourney
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2019-12-02 21:43:40
Dividend and Portfolio Update November 2019
Dividend by month1) singtel lianbeng hsbank2) fcot sgx  starhillg fct sphreit cmt  capitaretail capitacom mit suntec dbs3) spost  taisin  nam lee hkland hsbank petronas4) hsbc5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg Singre teckwah mit sci suntec  hlf ocbc6)  netlink hsbank maybank petronas dbs7) singpost  tcil hsbc8) fcot singtel  plife  suntec ocbc  starhillg sci steng fct singpost sphreit cmt ock  capitacom  siaen mit sats uob cdg sci ksh gpi dbs9)   hlf teckwah singre capitaretail  petronas hsbank10) sgx tcil lian beng hkland hsbc  maybank11) fcot taisin sgx spost  starhillg fct cmt siaen mit suntec dbs sia netlink12) sph ksh ock sats  ksh gpi  petronasRemarks:Add
Investment Income For Life
Blade Knight
2019-11-29 09:17:31
Surprising Upcoming Merger between Frasers Commercial Trust and Frasers Logistics & Industrial Trust
In a surprising twist of fate, both Frasers Commercial Trust ("FCT") and Frasers Logistics & Industrial Trust ("FLIT") announced a trading halt. According to the Business Times, their ''secret sources" revealed that both REITs will be joined in holy matrimony and merged into one entity. The "secret sources" identity also cannot be revealed as the information is still private. As always, news seems to have leaked ahead of the trading suspension and the unit price of both REITs increased suddenly above their normal trading range for no apparent reason over the past few days. FCT and FLIT seems to have jumped onto the bandwagon of Capitaland and OUE Group by suddenly deciding to just merge the 2 REITs. I am currently holding on to both FCT and FLIT with almost similar weightage in te
paullowinvestmentjourney
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2019-11-11 13:19:01
Dividend and Portfolio update October 2019
Dividend by month1) singtel lianbeng hsbank2) fcot sgx  starhillg fct sphreit cmt  capitaretail capitacom mit suntec dbs3) spost  taisin  nam lee hkland hsbank petronas4) hsbc5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg Singre teckwah mit sci suntec  hlf ocbc6)  netlink hsbank maybank petronas dbs7) singpost  tcil hsbc8) fcot singtel  plife  suntec ocbc  starhillg sci steng fct singpost sphreit cmt ock  capitacom  siaen mit sats uob cdg sci ksh gpi dbs9)   hlf teckwah singre capitaretail  petronas hsbank10) sgx tcil lian beng hkland hsbc  maybank11) fcot taisin sgx spost  starhillg fct cmt siaen mit suntec dbs sia netlink12) sph ksh ock sats  ksh gpi  petronasRemarks:Add
paullowinvestmentjourney
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2019-09-30 13:05:14
Dividend and portfolio update September 2019
Dividend by month1) singtel lianbeng2) fcot sgx  starhillg fct sphreit cmt  capitaretail capitacom mit suntec3) spost  taisin  nam lee hkland hsbank4) hsbc5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg Singre teckwah mit sci suntec  hlf ocbc6)  netlink hsbank7) singpost  tcil hsbc8) fcot singtel  plife  suntec ocbc  starhillg sci steng fct singpost sphreit cmt ock  capitacom  siaen mit sats uob cdg sci ksh gpi9)   hlf teckwah singre capitaretail  hsbc hsbank10) sgx tcil lian beng hkland11) fcot taisin sgx spost  starhillg fct cmt siaen mit suntec hsbc12) sph ksh ock sats netlink ksh gpi hsbankRemarks:Added more local banks, hlf and singpostOverall,nothing fanciful and nothing new: divide





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