Inside The Bedokian’s Portfolio is an intermittent series where I will reveal what we have in our investment portfolio, one company/bond/REIT/ETF at a time. In each post I will briefly give an overview of the counter, why I had selected it and what possibly lies ahead in its future.
For this issue, I will discuss about the locally listed real estate investment trust (REIT), Frasers Logistics & Commercial Trust (FLCT, ticker: BUOU).
Overview
FLCT held a total of 105 properties across five countries (Australia – 50.9%, Germany – 24.1%, Singapore – 9.8%, United Kingdom – 9.6% and The Netherlands – 5.6%) and spanning logistics and industrial complexes (68.3%), offices and business parks (22.5%), and central business district commercial properties (9.2%)1.
Why FLCT?
FLCT, or rather one of its predecessors, Frasers Commercial Trust (FCOT), is the longest holding in the Bedokian’s portfolio, starting in 2009, way before my “great awakening” in 2013. I initially bought FCOT for trading, but as time goes by it survived its position in the portfolio, w...