On 1 February 2023, Frasers Logistics & Commercial Trust (“FLCT”) have announced their first quarter business update for FY2023. In general the results implied a strong and stable portfolio of property assets, as there are no significant change in their metrics from the last quarter and are in favorable territory.

The fixed deposits of banks have already started to decrease in 2023. This could well be the good reason for FLCT to see their share price increase over the last few weeks, as their dividend yield and portfolio of assets are seen to be attractive to be held for the long term.

Background

FLCT is a real estate investment trust (“REIT”) with a portfolio comprising 105 logistic, industrial and commercial properties, worth approximately SGD6.7 billion, diversified across five developed countries – Australia, Germany, Singapore, the United Kingdom