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Frasers Logistics & Commercial Trust Review @ 21 May 2023
By REIT-TIREMENT  •  May 21, 2023
Basic Profile & Key Statistics
Main Sector(s): Office, Industrial & LogisticsCountry(s) with Assets: Australia, Singapore, Germany, England & NetherlandsNo. of Properties (exclude development/associate/fund): 107

Key Indicators

Performance Highlight
Gross revenue, NPI, distributable income and DPU declined YoY mainly due to mainly loss of income from Cross Street Exchange which was divested on 31 March 2022 and lower exchange rate for f AUD, EUR and GBP against the SGD.


Rental Reversion
Rent reversion for the latest quarter is at 3.6% for incoming vs outgoing and 23.2% for average vs average.

Development
The development of Ellesmere Port is targeted to be completed by Dec 2023. Whereas for Blythe Valley Park and Worcester, the development has been completed.

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Related Parties Shareholding

REIT Sponsor's Shareholding: Below median by 10% or moreREIT Manager's Shareholding: Below  median by 20% or moreDirectors of REIT Manager's Shareholding: Above median by 20% or more

Lease Profile

Occupancy: ± 5% from medianWALE: Above median by 10% or moreHighest Lease
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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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