Not too long ago, Frasers Logistics and Industrial Trust announced that they will be acquiring a portfolio of logistics properties in Australia.

I am gonna make this a quick one since I have shared enough of FLT in the past you can read them if you have not gone through them:

  1. My FLT IPO Write up
  2. Comparing FLT’s portfolio Cap Rate versus the Competition
  3. Proactive Forward Renewal and Exercising an option for a 20 year Tenant Lease

This acquisition will not affect your returns a lot, and you do not have to cough out any new capital, but will make the portfolio more diversified and increase the WALE.

The Portfolio to be Acquired

The portfolio comes from FLT’s parent Frasers Property Australia, which is under Singapore Listed Frasers Centerpoint Limited (FCL)

FLT will be acquiring 7 properties for an aggregate amount of A$169.3 mil.

The 4 properties listed above …