On 30th January 2024, Frasers Logistics and Commercial Trust announced their 1QFY24 Business Updates. Since this a business update, the announcement mainly touches on operational performance with minimal updates on financial performance. If you are not familiar with Frasers Logistics and Commercial Trust, this logistics REIT giant has an established foothold in five developed countries. The countries are Australia, Germany, The UK, The Netherlands and Singapore. Also, Frasers Logistics and Commercial Trust forms my second largest holding in my Stock Portfolio. As you can see from the above key highlights, the operational performance of Frasers Logistics and Commercial Trust is fairly stable. It has a strong portfolio rental reversion of 11.6%. Portfolio occupancy is also stable at 95.8%. In terms of debt, Frasers Logistics and Commercial Trust’s aggregate leverage stood pretty low at 30.7% with a significant debt headroom at $1.1 billion. It is fortunate the manager parred down its debt in the early stages of several interest rate hikes. 76.8% of Frasers Logistics and...