Frasers L&C Tr    Last:0.985    -0.005

Frasers Logistic & Industrial Trust IPO

Yes,... the effect is there : the dpu in AUD keeps going up, and the dpu in SGD keeps going down in the last few qtrs.

john_ric      ( Date: 11-Aug-2019 17:16) Posted: it has big exposure in australia.    how come not affected by weak oz currency. strange?

 

Yes - want to buy more and hope people will push price down. It is a good Long term Reit play to me due to freehold.

laksaman57      ( Date: 11-Aug-2019 14:30) Posted: Price may have already peaked. Worth your further check. 😉 Goldfinger      ( Date: 11-Aug-2019 13:35) Posted: I tend to take a different view. With Brexit, I think the UK is facing a horrible calamitous situation, for the sake of keeping out economic migrants.  The fact is that London and the other key cities voted to stay, while the country bumpkins in the countryside voted to Leave.  You can figure who are smarter.Boris is a clone of the Donald.  Very insular very anit-immigration.  Germany and the Netherlands will be a clear beneficiary, from Brexit as will Ireland, of the switch out of the UK.  A no-deal Brexit will hurt the UK, and benefit these other economies. ​ We have to look at the future. Anyway, I am not sure how you came to the conclusion that they over-paid.  High can go higher.  Low can also go lower.

 

it has big exposure in australia.    how come not affected by weak oz currency. strange?

 

Price may have already peaked. Worth your further check. 😉

Goldfinger      ( Date: 11-Aug-2019 13:35) Posted: I tend to take a different view. With Brexit, I think the UK is facing a horrible calamitous situation, for the sake of keeping out economic migrants.  The fact is that London and the other key cities voted to stay, while the country bumpkins in the countryside voted to Leave.  You can figure who are smarter.Boris is a clone of the Donald.  Very insular very anit-immigration.  Germany and the Netherlands will be a clear beneficiary, from Brexit as will Ireland, of the switch out of the UK.  A no-deal Brexit will hurt the UK, and benefit these other economies. ​ We have to look at the future. Anyway, I am not sure how you came to the conclusion that they over-paid.  High can go higher.  Low can also go lower. laksaman57      ( Date: 11-Aug-2019 13:00) Posted: Buying properties at it's high is risky for a reit. Great for sponsor but not for a reit. Dyodd

 

I tend to take a different view. With Brexit, I think the UK is facing a horrible calamitous situation, for the sake of keeping out economic migrants.  The fact is that London and the other key cities voted to stay, while the country bumpkins in the countryside voted to Leave.  You can figure who are smarter.Boris is a clone of the Donald.  Very insular very anit-immigration. 

Germany and the Netherlands will be a clear beneficiary, from Brexit as will Ireland, of the switch out of the UK.  A no-deal Brexit will hurt the UK, and benefit these other economies.
​ We have to look at the future. Anyway, I am not sure how you came to the conclusion that they over-paid.  High can go higher.  Low can also go lower.

laksaman57      ( Date: 11-Aug-2019 13:00) Posted: Buying properties at it's high is risky for a reit. Great for sponsor but not for a reit. Dyodd. Goldfinger      ( Date: 11-Aug-2019 10:15) Posted: The props are freehold. This is a rare largely freehold industrial reit in SG. Very rare. Only risk is the currency risk

 

Buying properties at it's high is risky for a reit.
Great for sponsor but not for a reit. Dyodd.

Goldfinger      ( Date: 11-Aug-2019 10:15) Posted: The props are freehold. This is a rare largely freehold industrial reit in SG. Very rare. Only risk is the currency risk. laksaman57      ( Date: 11-Aug-2019 09:49) Posted: Are they buying Germany properties at its high ?

 

The props are freehold. This is a rare largely freehold industrial reit in SG. Very rare. Only risk is the currency risk.

laksaman57      ( Date: 11-Aug-2019 09:49) Posted: Are they buying Germany properties at its high ?

 

Are they buying Germany properties at its high ?

 

Waiting for $1.12 would be nice !

Goldfinger      ( Date: 10-Aug-2019 10:12) Posted: Anyone has any objective views on this - post RBA rate cuts, AUD currency weakness, share placement and Euro acquisitions? I am vested.

 

Anyone has any objective views on this - post RBA rate cuts, AUD currency weakness, share placement and Euro acquisitions? I am vested.

 

Actually a lot of these projections - I don?t really rely on. What I would consider are the cost of funding, freehold tenure, sponsor, location, clientele and and whether this would be yield accretive - in this case Eurozone loans are cheap. Let?s see.

chengwh1      ( Date: 08-Jul-2019 07:08) Posted: I appreciated your comments. So,.. we' re saying here that probably, after this acquisition and the accompanying EFR activity completed, the dpu will dip for the period July till December 2019, and will subsequently recover in 1H2020 ? Goldfinger      ( Date: 06-Jul-2019 22:11) Posted: Then that should be pointed out - less informed may be unnecessarily alarmed. I am comfortable and this should be rerated upwards

 

I appreciated your comments. So,.. we' re saying here that probably, after this acquisition and the accompanying EFR activity completed, the dpu will dip for the period July till December 2019, and will subsequently recover in 1H2020 ?

Goldfinger      ( Date: 06-Jul-2019 22:11) Posted: Then that should be pointed out - less informed may be unnecessarily alarmed. I am comfortable and this should be rerated upwards. chengwh1      ( Date: 06-Jul-2019 21:19) Posted: Sharing needs reader to refer too,... the reference model is for first-half FY2019. Look at the Announcement

 

Then that should be pointed out - less informed may be unnecessarily alarmed.
I am comfortable and this should be rerated upwards.

chengwh1      ( Date: 06-Jul-2019 21:19) Posted: Sharing needs reader to refer too,... the reference model is for first-half FY2019. Look at the Announcement. Goldfinger      ( Date: 06-Jul-2019 11:15) Posted: Semi annual or annual DPU? Huge difference. Better check before sharing

 

Sharing needs reader to refer too,... the reference model is for first-half FY2019. Look at the Announcement.

Goldfinger      ( Date: 06-Jul-2019 11:15) Posted: Semi annual or annual DPU? Huge difference. Better check before sharing. chengwh1      ( Date: 06-Jul-2019 11:12) Posted: Pertaining to the proposed latest acquisition of 12 PRIME LOGISTICS PROPERTIES IN GERMANY AND AUSTRALIA, most details are beneficial to unitholders,.. One point that needs to be emphasized on is that the dpu post-ALL activities (incl above proposed acquisition) is ONLY 3.47 Australian cents (3.37 Singapore cents). The above dpu amts come abt after taking into consideration the one-off capital gains taxes that need to be paid.

 

Semi annual or annual DPU? Huge difference. Better check before sharing.

chengwh1      ( Date: 06-Jul-2019 11:12) Posted: Pertaining to the proposed latest acquisition of 12 PRIME LOGISTICS PROPERTIES IN GERMANY AND AUSTRALIA, most details are beneficial to unitholders,.. One point that needs to be emphasized on is that the dpu post-ALL activities (incl above proposed acquisition) is ONLY 3.47 Australian cents (3.37 Singapore cents). The above dpu amts come abt after taking into consideration the one-off capital gains taxes that need to be paid.

 

Pertaining to the proposed latest acquisition of 12 PRIME LOGISTICS PROPERTIES IN GERMANY AND AUSTRALIA, most details are beneficial to unitholders,.. One point that needs to be emphasized on is that the dpu post-ALL activities (incl above proposed acquisition) is ONLY 3.47 Australian cents (3.37 Singapore cents).

The above dpu amts come abt after taking into consideration the one-off capital gains taxes that need to be paid.
 

 

From yesterday' s 2QFY19 results report, the dpu in AUD INCREASED from 1.70 AU Cts to 1.82 AU Cts for 2QFY19.
BUT : the same dpu in SGD DROPPED from 1.81 SG Cts to 1.76 SG Cts for 2QFY19.

It' s because of this clause on Page 16 of 26 : 2QFY19 DPU is calculated after taking into consideration the foreign currency forward contracts that FLT has entered into to hedge the currency risk on distributions to Unitholders at A$1.00 : S$0.9666 (2QFY18: A$1.00 : S$1.0647).

Why did the manager hedge so low for 2QFY19 ?????!!???????????

 

But ESR Reit sponsor Warburg Pincus ESR is quite strong too... :)

Goldfinger      ( Date: 17-Nov-2018 18:59) Posted: I think you need to compare the different sponsors and quality of assets and geographic markets to make this suggestion.  ESR and Frasers are quite quite different. lukewong82      ( Date: 17-Nov-2018 17:04) Posted: Fraser 5th largest industrial reit. NTA 92 cents. Trading at $1.04, yield around 8% ESR Reit 4th largest industrial reit. NTA 49 cents, trading at 49 cents, yield around 8% I think switch to ESR for more potential of capital gain.. :

 

If I have to choose Industrial reit, I would rather choose Ascendas or mapletree haha.

Anyway, I hope you can answer my question. Since FLIT has negative rental reversion for 4 straights quarter, is it a worrying sign for you? The only thing that stopping me from investing in this reit is the negative rental reversion.

Goldfinger      ( Date: 17-Nov-2018 18:59) Posted: I think you need to compare the different sponsors and quality of assets and geographic markets to make this suggestion.  ESR and Frasers are quite quite different. lukewong82      ( Date: 17-Nov-2018 17:04) Posted: Fraser 5th largest industrial reit. NTA 92 cents. Trading at $1.04, yield around 8% ESR Reit 4th largest industrial reit. NTA 49 cents, trading at 49 cents, yield around 8% I think switch to ESR for more potential of capital gain.. :

 

I think you need to compare the different sponsors and quality of assets and geographic markets to make this suggestion.  ESR and Frasers are quite quite different.

lukewong82      ( Date: 17-Nov-2018 17:04) Posted: Fraser 5th largest industrial reit. NTA 92 cents. Trading at $1.04, yield around 8% ESR Reit 4th largest industrial reit. NTA 49 cents, trading at 49 cents, yield around 8% I think switch to ESR for more potential of capital gain.. :) tanweiming_      ( Date: 17-Nov-2018 16:58) Posted: Negative rental reversion for four quarters straight... I like their properties but their rental reversion...