Frasers Logistics & Commercial Trust Navigates Currency and Rate Headwinds
Frasers Logistics & Commercial Trust (ISIN SG1M50904662), commonly referred to as Frasers Log, is an Asia-Pacific logistics and commercial real estate investment trust listed on the Singapore Exchange.
The REIT offers investors exposure to modern warehouses and business parks in Australia, Europe, and Singapore, with a portfolio anchored by long leases to corporate tenants.
Despite softer net property income largely driven by foreign exchange movements and higher finance costs, distributions to unitholders have been maintained on an adjusted basis.
The trust's gross revenue for fiscal 2023 was approximately SGD 500 million, reflecting modest growth compared with the prior period as incremental rental income from acquisitions and built-to-suit developments offset disposals and vacancies.