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Frasers Logistics & Commercial Trust H2 DPU drops 11.1% to S$0.0295
Revenue for the period rises 3.7% to S$239.2 million, from S$230.6 million previously
[SINGAPORE] The manager of Frasers Logistics & Commercial Trust : BUOU 0% (FLCT) on Friday (Nov 7) posted a distribution per unit (DPU) of S$0.0295 for the second half of FY2025 ended September. It was down 11.1 per cent from S$0.0332 for the previous corresponding period.
This was in line with capital DPU being steadily reduced to S$0.0026 in H2, and consistent with the real estate investment trust&rsquo s (Reit) approach to preserve debt headroom for growth while supporting near-term distribution stability, said the manager.
Revenue for H2 rose 3.7 per cent to about S$239.2 million, from S$230.6 million for the same period a year earlier.
Net property income (NPI) increased 5.7 per cent to S$172.4 million, from S$163.1 million previously.
Adjusted NPI &ndash which excludes straight-lining adjustments for rental income and adds lease payments of right-of-use assets &ndash stood at S$164.9 million, up 2.2 per cent from S$161.3 million in the previous corresponding period.
The year-on-year increases were mainly due to contributions from the acquisition of 2 Tuas South Link 1 in November 2024, and improved overall contributions from its UK business parks and the Maastricht property in the Netherlands, which achieved practical completion in October 2024.
Distributable income decreased 10.6 per cent to S$111.7 million for the period, from S$124.9 million in H2 FY2024.
As at Sep 30, aggregate leverage stood at 35.7 per cent, with an interest coverage ratio of 4.3 times.
The overall portfolio occupancy rate improved to 95.1 per cent, and the weighted average lease expiry stood at 4.8 years.
The manager said it will continue to optimise returns from its commercial assets through proactive asset management and competitive marketing initiatives.
&ldquo While there are signs of potential easing in monetary policy, we continue to maintain a prudent capital management approach and employ appropriate hedging strategies to mitigate volatility arising from foreign exchange and interest rate risks,&rdquo it said.
It added that despite the anticipated rise in supply in certain markets, FLCT&rsquo s portfolio of logistics and industrial assets is well positioned, benefiting from &ldquo sustained demand for quality space&rdquo .
Fitch Affirms Frasers Logistics & Commercial Trust at ' BBB+' Outlook Stable
https://www.fitchratings.com/research/corporate-finance/fitch-affirms-frasers-logistics-commercial-trust-at-bbb-outlook-stable-06-11-2025
" Peer Analysis - FLCT' s rating can be compared with that of Mapletree Logistics Trust (MLT, BBB+/Stable), Mapletree Industrial Trust (MIT, BBB+/Stable) and ESR-REIT (BBB/Stable)."
10:58 PM EST, 11/06/2025 (MT Newswires) -- Frasers Logistics & Commercial Trust's (SGX:BUOU) distribution per unit or DPU fell 11% during the fiscal second half ended Sept. 30 to SG$0.0295 from SG$0.0332 a year earlier, according to a Friday filing with the Singapore Exchange.
Distributable income fell 11% to SG$111.7 million from SG$124.9 million.
Adjusted net property income was up 2.2% to SG$164.9 million from SG$161.3 million a year earlier.
Revenue meanwhile, rose 3.7% year over year to SG$239.2 million from SG$230.6 million.
The trust improved its overall portfolio occupancy to 95.1%, backed by a higher WALE of 4.8 years and positive rental reversions of 5%.
Distributable income fell 11% to SG$111.7 million from SG$124.9 million.
Adjusted net property income was up 2.2% to SG$164.9 million from SG$161.3 million a year earlier.
Revenue meanwhile, rose 3.7% year over year to SG$239.2 million from SG$230.6 million.
The trust improved its overall portfolio occupancy to 95.1%, backed by a higher WALE of 4.8 years and positive rental reversions of 5%.
share price remain very flat despite US Fed Interest rate trending down ,and refinancing cycle benefits not priced into the stock
Probably REITs in Singapore have mostly reached diminishing returns as the valuation of real estate is getting too rich
Probably REITs in Singapore have mostly reached diminishing returns as the valuation of real estate is getting too rich
The share price is forward looking. This divestment was previously already disclosed, so the event was pretty much already factored into the share price.
infoshare ( Date: 01-Oct-2025 09:27) Posted:
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its a loss making...bot fr A$222.5m and sold fr A$192.1m....occupancry also kept dropping....
infoshare ( Date: 01-Oct-2025 09:27) Posted:
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the divestment of the melbourne property seems has no impact to the share price.
Probably there is no gain achieved from the divestment ?
Probably there is no gain achieved from the divestment ?
Frasers Logistics & Commercial Trust (FLCT) : BUOU : FLCT on Tuesday announced the completion of the divestment of an office building in Melbourne?s central business district for A$192.1 million (S$161.4 million). TFS Collins, as trustee of Collins Street Landholding Trust ? itself an indirect wholly owned sub-trust of FLCT ? sold the 25-storey freehold office building at 357 Collins Street to an unrelated third party. Units of FLCT closed flat at S$0.95, before the news.
For more stable stocks not going to be a vertical share price. Some pause for consolidation is normal.
cant even cross 0.96......
Well done
This is the highest price it has been this year. Punching through to new 2025 highs or hitting a ceiling and falling back down?
Games over lah
FHT deal done ? Game not over
Wah so cheap. Will be a positive factor for future DPU.
FLCT prices S$100 million notes due 2034 at 2.45%
The notes, rated &ldquo BBB+&rdquo by S& P, will be issued on Aug 15 under the Reit&rsquo s S$1 billion multi-currency debt issuance programme
[SINGAPORE] Frasers Logistics & Commercial Trust (FLCT) : BUOU -0.56% is offering S$100 million in fixed-rate notes due 2034 at 2.45 per cent, its manager said on Monday (Aug 11).
They will be issued on Aug 15 under the real estate investment trust&rsquo s S$1 billion multi-currency debt issuance programme.
The notes have been assigned a &ldquo BBB+&rdquo rating by S& P Global Ratings.
Net proceeds from the offering will be used to refinance existing borrowings or fund acquisitions.
They may also be used for investments, asset-enhancement works and developments, as well as for working capital requirements and general corporate purposes, the manager said.
OCBC has been appointed as the sole lead manager and book runner for the Series 003 notes.
These notes will be issued in denominations of S$250,000 each.
European Commission have done a terrible deal with the US. European economies going to suffer if it goes ahead as per the stated terms. For EU exposed companies now the hope is that the individual European governments veto it.
01:34 AM EDT, 08/01/2025 (MT Newswires) -- Frasers Logistics & Commercial Trust's (SGX:BUOU) occupancy rate in the fiscal third quarter ended June 30 came in at 92.5%, according to a Thursday filing with the Singapore Exchange.
Shares of the trust were down nearly 2% in Friday trade.
Weighted average lease expiry stood at 4.6 years while portfolio reversion was up 43.3%.
Shares of the trust were down nearly 2% in Friday trade.
Weighted average lease expiry stood at 4.6 years while portfolio reversion was up 43.3%.
Frasers Logistics & Commercial Trust&rsquo s portfolio occupancy falls to 92.5%
It has leased a total of 419,811 sq m of space in the year to date
[SINGAPORE] Frasers Logistics and Commercial Trust : BUOU -1.68% (FLCT) on Thursday (Jul 31) reported a lower portfolio occupancy of 92.5 per cent as at Jun 30, down 1.4 percentage points from 93.9 per cent a quarter earlier.
The real estate investment trust also leased around 100,707 square metres in its third quarter ended Jun 30, its manager said in a business update. This brings its total space leased in the year to date to 419,811 sq m.
FLCT&rsquo s rental reversion was 43.3 per cent on an average-versus-average basis across its 114 properties in Singapore, Australia, Germany, the Netherlands and the UK.
The trust has a &ldquo well-spread lease expiry profile&rdquo and is focused on proactive lease renewals ahead of lease expiry and backfilling vacancies, its manager noted. Its average weighted average lease expiry currently stands at six years.
The manager said that FLCT&rsquo s top 10 tenants account for 26.2 per cent of its portfolio gross rental income, with no single top 10 tenant contributing more than 5 per cent. It added that five of the top 10 tenants have leases in multiple buildings.
As at Jun 30, FLCT&rsquo s portfolio had a book value of S$6.9 billion. Its aggregate leverage stood at 36.8 per cent, with an interest coverage ratio of 4.1 times.
The manager said S$309 million of undrawn facilities are currently available to meet the debt obligations of S$103 million due in Q4 FY2025.
Looking ahead, the manager identified several &ldquo key trends and developments&rdquo shaping the trust&rsquo s operating environment.
These include &ldquo strategic location preferences as companies optimise supply chains in response to tariffs, reshoring and expansion delays&rdquo , as well as some third-party logistics providers &ldquo adopting cautious real estate strategies with occupiers delaying major investment decisions&rdquo .
Post-quarter, FLCT announced the divestment of 357 Collins Street, &ldquo a non-core commercial asset&rdquo in Melbourne, Australia, for A$192.1 million (S$160.6 million).
The sale, expected to be completed by Sep 30, 2025, will allow the trust to &ldquo exit the underperforming Melbourne (central business district) office market&rdquo , which the manager said continues to face subdued tenant demand and rising incentives as remote work arrangements persist.
&ldquo (The) divestment will also enhance FLCT&rsquo s portfolio metrics, while the proceeds from the sale will also provide FLCT with enhanced financial flexibility to pursue opportunities in the logistics and industrial space,&rdquo it added.
Probably not that eventful would be my guess.