On 1st August 2023, Frasers Logistics and Commercial Trust provided their 3QFY23 Business Updates. Since it is a business updates, the financial results were not available. As you can see above, Frasers Logistics and Commercial Trust highlighted that their leasing momentum is robust with positive rental reversions. They also achieved a high occupancy rate of 96.2% and a long WALE of 4.4 years. Frasers Logistics and Commercial Trust’s balance sheet remains strong. Is it true as claimed above? Let us take a more detailed look into Frasers Logistics and Commercial Trust’s 3QFY23 Business Updates below. Debt As of 30th June 2023, Frasers Logistics and Commercial Trust’s aggregate leverage stood at a low level of 28.6%. Frasers Logistics and Commercial Trust has sufficient internal funds and facilities to refinance or repay the debt maturing in FY2023. 75.4% of Frasers Logistics and Commercial Trust’s borrowings are hedged at fixed interest rate. This is because every potential 50 bps increase in interest rates on variable rate...