Singapore listed Frasers Logistics and Industrial Trust (FLT) yesterday evening made an announcement that they will acquire a logistic property from parent Frasers Property Limited (FPL).
The acquisition should be part of the portfolio that FPL acquired a year ago. Perhaps the property have not stabilized to be acquired during FLT’s last round of acquisition (read My Analysis of Frasers Logistics & Industrial Trust’s Purchase of 21 Logistic Properties in Germany and Netherlands).
The Net Property Income Yield of this property is 5.4%.
Perhaps it pays to reference the table from the acquisition in the article stated above.
The NPI Yield seem to have compressed a little from 6 months ago but it is not too far off from the 5.5% median NPI Yield.
This property is leased for 15 years, with annual CPI escalation. They are leased to FrieslandCampina Nederland B.V.
FrieslandCampina Is a …