Frasers Logistics & Commercial Trust (FLCT) is a Singapore-listed real estate investment trust that owns a portfolio of 100 industrial and commercial properties across five countries – Australia, Germany, Singapore, the United Kingdom, and the Netherlands. As of 30 September 2020, its portfolio is valued at S$6.2 billion. Here are 10 things I learned from the 2021 Frasers Logistics & Commercial Trust AGM. 1. Gross revenue grew to a record S$332 million, an increase of 53.0% from $217.1 million in FY2019 and net property income (NPI) was S$258.3 million, an increase of 46.2% compared to a year ago. CEO Robert Wallace attributed FLCT’s higher top and bottom line to the merger with FCOT and strong portfolio performance across its properties that provided stability and diversification benefits across sectors and geographies. 2. Distributable income rose to S$201.1 million with distribution per unit (DPU) up 1.7% year-on-year to 7.12 Singapore cents for...