On 1st February 2023, Frasers Logistics and Commercial Trust released their 1QFY23 business updates. Since it is a business update, the focus is on debt, occupancy and lease expiries. It is also noteworthy that Frasers Logistics and Commercial Trust has 3 ongoing projects Connexion II, Worcester and Ellesmere Port when completed in 2023 and leased out will contribute to its overall revenue. Now, let us look into details on Frasers Logistics and Commercial Trust’s 1QFY23 business updates.

Debt

As of 31st December 2022, the aggregate leverage stood at 27.9% and Average Weighted Debt Maturity is 2.7 years. The aggregate leverage is considered to be at low levels and there is a lot of room for further debt to fund acquisitions if any. 78.7% of Frasers Logistics and Commercial Trust borrowings are based on fixed rates to mitigate against fluctuating interest rates...