
The Fifth Person
2021-02-25 17:16:25
10 things I learned from the 2021 Frasers Logistics & Commercial Trust AGM
Frasers Logistics & Commercial Trust (FLCT) is a Singapore-listed real estate investment trust that owns a portfolio of 100 industrial and commercial properties across five countries – Australia, Germany, Singapore, the United Kingdom, and the Netherlands. As of 30 September 2020, its portfolio is valued at S$6.2 billion.
Here are 10 things I learned from the 2021 Frasers Logistics & Commercial Trust AGM.
1. Gross revenue grew to a record S$332 million, an increase of 53.0% from $217.1 million in FY2019 and net property income (NPI) was S$258.3 million, an increase of 46.2% compared to a year ago. CEO Robert Wallace attributed FLCT’s higher top and bottom line to the merger with FCOT and strong portfolio performance across its properties that provided stability and diver