Frasers L&C Tr
Last:0.985
-0.005
Frasers Logistic & Industrial Trust IPO
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261-280 of 785
.ahh
because the dpu increase is because of FCOT merger
nothing else
john_ric ( Date: 10-Nov-2020 09:57) Posted:
why down when broad market is up like sheeet. ?
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why down when broad market is up like sheeet. ?
Monday gap up 1.40 huat ah 😀 😀 😀
Frasers Logistics & Commercial Trust H2 DPU rises 5.5%
FRASERS Logistics & Commercial Trust (FLCT) distribution per unit (DPU) rose 5.5 per cent to 3.65 Singapore cents for its second half ended Sept 30, from 3.46 cents a year ago, its manager said in a regulatory filing on Friday morning.
Revenue nearly doubled, rising to a record S$213.3 million for the half year, from S$109.6 million a year ago. Adjusted net property income (NPI) soared 80.6 per cent to S$161.4 million, from S$89.4 million in the year-ago period. The year-on-year increases were attributed to the merger of FLCT and Frasers Commercial Trust, and the acquisition of properties in Germany and Australia in 2019 and 2020, FLCT' s manager said.
This was partially offset by the effects of the divestments of several properties, as well as S$5.7 million in rental waivers granted and provisions for doubtful debt for mainly qualifying SME tenants due to the Covid-19 pandemic, it added.
Distributable income jumped 81.7 per cent year on year to S$124.9 million for the six months, from S$68.7 million in the year-ago period. The DPU of 3.65 Singapore cents represents a full payout of FLCT' s H2 2020 distributable income, the manager said.
FLCT' s total distributions for the six-month period ended Sept 30 comprise a distribution of 3.39 cents per unit for the period Apr 15 to Sept 30, which will be paid out on Dec 17, and an advanced distribution of 0.26 cent per unit for the period Apr 1 to Apr 14, which was paid on June 26.
For the full year ended Sept 30, DPU was higher at 7.12 cents, versus seven cents a year ago, and distributable income grew 48.8 per cent to S$201.1 million. Revenue was 53 per cent higher at S$332 million, while adjusted NPI rose 46.2 per cent to S$258.3 million.
" Our solid performance, with a full-year DPU of 7.12 Singapore cents delivered amid the Covid-19 pandemic, testifies to the strength and resiliency of the FLCT portfolio," said Robert Wallace, chief executive officer of FLCT' s manager. He added that FLCT had stable portfolio occupancy of 97.5 per cent as at Sept 30.
FLCT' s manager said the operating environment is expected to remain challenging in the months ahead, as the global spread of Covid-19 continues to disrupt the business environment and operating conditions across global markets.
" There has been no material impact to the FLCT portfolio to date, although the situation remains dynamic with continued uncertainties," the manager said, adding that capital and liquidity management remains a key strategic priority.
what happen? price keep dropping.
refresh:
Frasers Logistics & Commercial Asset Management Pte. Ltd., as manager of Frasers Logistics & Commercial Trust (" FLCT" ), will be announcing the financial results of FLCT for the financial year ended 30 September 2020, before the commencement of trading on Friday, 6 November 2020.
Good evening bros Maximus and Wolverine, and all bro investors too,...
Thank you for the kind words and your good confidence in me. I' ll try to contribute here every now and then. Much appreciated.
like a flling knife.
hope can stabilise at 1.1x.
monday n tuesday will be another 2 down days.
subsequently depends on the us election results. may see big swings.
but then it means opportunities too!! better than a stagnant STI.
What are the top 3 reits u recommend?
chengwh1 ( Date: 29-Oct-2020 23:55) Posted:
I suspect the following reasons :-
1) Covid-19 cases are resurging badly in Europe, with France, Spain and Germany going into tough lockdowns starting these few days. This, I think,.... is the main reason.
2) The possibilityof the RBA lowering the OPR AGAIN in early-November, hence weakening further the AUD.
FLCT has properties in Australia and in Europe.
Note : With the recent downturn in SG REITs,... I have become more active in the REIT threads again,.... 
john_ric ( Date: 29-Oct-2020 17:09) Posted:
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You just may be the reits expert here.
chengwh1 ( Date: 29-Oct-2020 23:55) Posted:
I suspect the following reasons :-
1) Covid-19 cases are resurging badly in Europe, with France, Spain and Germany going into tough lockdowns starting these few days. This, I think,.... is the main reason.
2) The possibilityof the RBA lowering the OPR AGAIN in early-November, hence weakening further the AUD.
FLCT has properties in Australia and in Europe.
Note : With the recent downturn in SG REITs,... I have become more active in the REIT threads again,....
john_ric ( Date: 29-Oct-2020 17:09) Posted:
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I suspect the following reasons :-
1) Covid-19 cases are resurging badly in Europe, with France, Spain and Germany going into tough lockdowns starting these few days. This, I think,.... is the main reason.
2) The possibilityof the RBA lowering the OPR AGAIN in early-November, hence weakening further the AUD.
FLCT has properties in Australia and in Europe.
Note : With the recent downturn in SG REITs,... I have become more active in the REIT threads again,....
john_ric ( Date: 29-Oct-2020 17:09) Posted:
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f L& C today down a lot.
This Fraser Commercial and Logistic is continuing to rocket up every day. Any reason for the sharp moves?
This will benefit from AUD and SGD back to parity.
Back to earth
What is the assessment for this now? Seems to have been climbing aggressively.
Anyone knows whether there is any provision provided for the trading of odd lots of new shares for previous FCOT holders?
Merger between Frasers' logistics, commercial Reits takes effect
WED, APR 15, 2020 - 12:41 PM
THE S$1.58 billion merger between Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT)
first proposed last December by way of a trust scheme of arrangement, is now effective.
This comes after a
court hearing for the deal, as well as
approval by unitholders of FLT and FCOT.
FLT' s manager has notified the Monetary Authority of Singapore of the grant of the court order sanctioning the trust scheme. Accordingly, the scheme has become effective and binding, the managers of both trusts announced on Wednesday.
FCOT unitholders will receive S$1.68 per unit held by April 24, 2020. This consideration will be paid via a combination of 15.1 cents in cash and 1.233 new FLT units per FCOT unit.
FCOT is expected to delist on April 29.
In addition, FLT' s manager noted that the trust' s new investment mandate will come into effect on Wednesday.
" The investment mandate is to invest in a portfolio of income-producing real estate used predominantly for logistics or industrial purposes and located globally, and/or commercial purposes or business park purposes and located in the Asia-Pacific region, or in Europe (including the UK)," FLT' s manager said.
As at 12.18pm on Wednesday, units in FLT were trading at S$1, up S$0.01 or 1 per cent, while units in FCOT last traded on April 9, following a request for suspension.
https://www.businesstimes.com.sg/companies-markets/merger-between-frasers-logistics-commercial-reits-takes-effect
tdy news...tis babe was over bought...low was 0.625 n shot up to 0.985....lower dpu to come...
