While there were
outperforming REITs for the quarter, there were a number of REITs that failed to put in a decent set of results for the quarter. In the final part of the 1Q17 report card series for REITs, we highlight five REITs that had a quarter they wish they could forget.
1. Frasers Commercial Trust
Frasers Commercial Trust delivered an above average quarterly result with the Australian segment delivering as the Australian portfolio benefited from stronger AUD and higher occupancy. This drove DPU growth to two percent year-on-year.
While the uncertainty of a potential loss of HP as a tenant at Alexandra Technopark appears largely unfavourable for Frasers Commercial Trust, it could turn out to be a silver lining for Frasers Commercial Trust as the vacating of Alexandra Technopark could allow asset enhancement initiative works to be carried out.
This will boost the potential rental contribution from Alexandra Technopark in ......