On 30 January 2024, Frasers Logistics & Commercial Trust (“FLCT”) have announced their first quarter business update for FY2024. They have remained stable, though the debt maturity profile has now decreased to only two years left. It is possible that they may need to renew their borrowings in the current higher interest rate environment, which may in turn affect the DPU moving forward.
Take note as well on 15 March 2024, they have announced a proposed acquisition of interests if four logistics properties in Germany. Though no pro forma DPU was provided, the proposed acquisitions are expected to be DPU and NAV per unit accretive. Investors will need to take note.
Website: General Announcement::Business Updates For The First Quarter Ended 31 December 2023
Background
FLCT is a real estate investment trust
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