Frasers Logistics & Commercial Trust – Organic growth with acquisition optionality
🚚 Phillip Securities Research Analyst Darren Chan initiates coverage of Frasers Logistics & Commercial Trust on Let the Money Talk! Logistics assets are 99.7% occupied and rents are rising with 11.9% reversions, but commercial occupancy sits at 88.4% and UK business parks still carry vacancies. Can a S$5bn sponsor pipeline and a 6.8% yield make FLCT's 21% discount to NAV too good to ignore?
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