Frasers Logistics & Industrial Trust (FLT) listed on the SGX on 20 June 2016. It was initially established to invest in logistics and industrial properties located in Australia. However, in early 2018, FLT expanded its investment mandate to include properties in Europe, leading to its latest acquisitions in Germany and the Netherlands.
In this article, I’ll revisit FLT’s fundamentals, give an update on its most recent financial results, and assess its valuation at its current price. Here are 10 things to know about FLT before you invest.
1. As at 5 November 2018, FLT owns 83 properties valued at A$2.98 billion. This is from 51 properties worth A$1.58 billion when FLT first listed in 2016. Out of FLT’s current portfolio, 61 properties are located in Australia. Collectively, they are worth A$2.01 billion and represent 67% of FLT’s portfolio. FLT also owns 17 properties in Germany and four properties