Frasers L&C Tr    Last:0.985    -0.005

Frasers Logistic & Industrial Trust IPO

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...

 

Negative rental reversion for four quarters straight... I like their properties but their rental reversion...

 

solid results....fy dpu up 2.6%....

 

Pleasantly surprised by the good results and DPU. Imagine how when the AUD recovers.

 

Sorry, it' s 1.68c rising to 1.78c this year Q4.

 

Bro,... I really do not know what they are talking abt.. My records clearly stated 1.68c dpu payout last year Q4. Then I checked with the SGX filings again just now, it' s 1.68c.

So, it' s 1.68c rising to 1.75c this year Q4.

What' s happening ???????

laksaman57      ( Date: 06-Nov-2018 16:41) Posted: Only 0.6% rise in dpu, from 1.77cts to just 1.78cts, worth all that acquisition ? " Higher distributable income which was partially offset by: &bull Lower hedged exchange rate of A$1.00:S$1.0011(8) (4QFY17: A$1.00:S$1.016)" http://infopub.sgx.com/FileOpen/FLT%204QFY18%20Results%20Slides.ashx?App=Announcement& FileID=532573 Watch careful the Australian dollar trend ..... &ldquo The trade war and its resulting downwards pressure on the CNY is a challenge for the AUD, as China is Australia&rsquo s top trading partner. &ldquo A decline in demand for Chinese imports in the US means a decline in the demand for Australian exports to China and less demand for exports means less demand for our currency.&rdquo &ldquo This is evident, as Friday&rsquo s drop in the AUD mirrored movements of the Chinese Yuan which fell to its weakest level in over a decade against the USD,&rsquo &rsquo she said.http://www.travelweekly.com.au/article/heres-how-the-us-trade-war-with-china-is-affecting-the-aussie-dollar/

 

https://www.channelnewsasia.com/news/business/australian-dollar-at-multi-year-lows-against-singdollar-10794758

' Since the end of August, the Aussie has been trading below parity versus the Singapore dollar, and is down nearly 8 per cent on a year-to-date basis.'
 

 

Only 0.6% rise in dpu, from 1.77cts to just 1.78cts, worth all that acquisition ?

" Higher distributable income which was partially offset by: &bull Lower hedged exchange rate of A$1.00:S$1.0011(8) (4QFY17: A$1.00:S$1.016)"
http://infopub.sgx.com/FileOpen/FLT%204QFY18%20Results%20Slides.ashx?App=Announcement& FileID=532573

Watch careful the Australian dollar trend .....

&ldquo The trade war and its resulting downwards pressure on the CNY is a challenge for the AUD, as China is Australia&rsquo s top trading partner.
&ldquo A decline in demand for Chinese imports in the US means a decline in the demand for Australian exports to China and less demand for exports means less demand for our currency.&rdquo
&ldquo This is evident, as Friday&rsquo s drop in the AUD mirrored movements of the Chinese Yuan which fell to its weakest level in over a decade against the USD,&rsquo &rsquo she said.http://www.travelweekly.com.au/article/heres-how-the-us-trade-war-with-china-is-affecting-the-aussie-dollar/

 

...4Q and FY18 Report.....

 

Well, bros,... I have no issues with the 4 and FY8 Report relesed yesterday evening,... anybody has any issues ??

 

I have a feeling that if the Equity Fund Raising exercise is done in the right way, the additional number of units added  will not cause a reduction in the dpu post-exercise. The yield of the acquired properties is important too, and must be high enough.

 

The worry is dilution via private placements... As we have seen recently in other reits...

 

acquition freehold prop in netherland...net prop income yield is 5.41% n yield is accretive to the reit...100% occupancy...at current px, dpu is 7.1%.... 

 

div next wk...looking to add some...

 

buy some babe...............

 

Am I observing correctly that the unit price fell yesterday on the evening of the ann' t of the setting-up of a subsid called : &ldquo FLT Europe 2 Pte. Ltd.&rdquo ?

Why does the mkt not like this subsid ?

https://flt.frasersproperty.com/newsroom/20181030_175047_NULL_YU9TSQH0NA7WZL85.1.pdf

 

Dpu accretive can be a very trivial term nowadays.As long you dont place out too many shares or no shares , most of the transactions are dpu accretive. Of course +0.1cts also considered as accretive.

Expenses wise i think as the AUM gets larger, they will have the economy of scale .

 

Yes,... just two things that popped-up in mind,....

1) " The NSW  and QLD properties are each leased to two individual tenants with average fixed annual rental increments of 3.1 per cent and 3 per cent per annum, respectively." - This type of increment is just enough to cover rise of property expenses every year. NO more leftover for dpu rise.
2) " He added that both properties will be accretive to FLT' s distribution per unit." - how much more accretive ?? There is no model to show, as in other acquisitions whereby, a model will show what happens to the dpu if they made  this acquisition beginning  on a date in the past.

SimpleTrade      ( Date: 03-Sep-2018 09:11) Posted: 1. yes 2. No rights or pte placement. Money from the recent disposal of properties. As for the rest, can read this buz times article https://www.businesstimes.com.sg/companies-markets/flt-acquires-two-prime-australian-properties-for-a626m

 

1. yes
2. No rights or pte placement. Money from the recent disposal of properties.

As for the rest, can read this buz times article

https://www.businesstimes.com.sg/companies-markets/flt-acquires-two-prime-australian-properties-for-a626m

 

Any more details of this acquisition ? As in :-
1) Is it dpu-accretive ?
2) How to finance ? Any Rights Issue for us ?
3) Property characteristics ?
4) ETC, ETC ??

SimpleTrade      ( Date: 31-Aug-2018 20:23) Posted: FLT Acquires Two Prime Properties in Australia for A$62.6 Million SINGAPORE, 31 AUGUST 2018 Frasers Logistics & Industrial Asset Management Pte. Ltd., the manager of Frasers Logistics & Industrial Trust (&ldquo FLT&rdquo and the manager of FLT, the &ldquo REIT Manager&rdquo ), is pleased to announce the proposed acquisition of two prime industrial properties in Australia from Frasers Property Australia Pty Limited, a wholly-owned subsidiary of Frasers Property Limited (the &ldquo Sponsor&rdquo ) for an aggregate purchase consideration of A$62.6 million2 . The aggregate purchase consideration was negotiated on a willing-buyer and willing-seller basis and supported by independent valuations by CBRE Valuations Pty Ltd and Urbis Valuations Pty Ltd.  Funding from divestment of aust properties earlier on.