Shares & Derivatives
Frasers Logistics & Commercial Trust (previously Frasers Logistics & Industrial Trust) Analysis @ 11 August 2020
By REIT-TIREMENT  •  August 11, 2020
Basic Profile & Key Statistics Frasers Logistics & Commercial Trust (FLCT), recently renamed from Frasers Logistics & Industrial Trust (FLT) after merger with Frasers Commercial Trust (FCOT) in April 2020. FLCT invests in Office, Logistics, and Industrial properties. The above sector breakdown is from the latest presentation, weighted by GRI. Lease Profile Occupancy is healthy at 97.2%. WALE is long at 5.2 years where the highest lease expiry within 5 years of 15.5% falls in year 2025. Weighted average land lease expiry is long at 89.54 years, this figure is estimated from latest presentation, by valuation. Debt Profile Gearing is healthy at 37.4%. Cost of debt is low at 2.1%. Fixed rate debt is low at 55.3% which is favorable in current low-interest environment. Unsecured debt is slightly low at 69.6%. Interest cover ratio is high at 6.7 times. WADE is long at 3.2 years where the highest debt maturity of 26.4% falls in FY2024....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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