FLT and FCOT proposes merger for $1.54b

2 Dec 2019 - Singapore Business Review
They also plan to fully acquire Farnborough Business Park in the UK. Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) have proposed to merge into an enlarged REIT for a total consideration of $1.54b, the companies announced in an SGX filing. This comprises of $138.1m in ...
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Frasers Logistics, Frasers Commercial Trust said to be planning to merge

28 Nov 2019 - The Edge Markets
(Nov 28): Frasers Logistics & Industrial Trust and Frasers Commercial Trust are planning to merge, according to people familiar with the matter, as consolidation among Singapore’s real-estate investment trusts gathers pace. The combined company will manage almost 100 properties worth US$4 billion ($5.5 ...
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Merger eyed for Frasers Logistics and Frasers Commercial Trust: report

28 Nov 2019 - Singapore Business Review
The combined company will manage almost 100 properties worth $4b. Frasers Logistics & Industrial Trust and Frasers Commercial Trust are planning to merge, according to sources privy on the matter, as consolidation among Singapore’s real-estate investment trusts gathers pace, according to Bloomberg. The ...
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Frasers Property profits fall 25% to $569m in FY2019 over Australia woes

18 Nov 2019 - Singapore Business Review
The company’s Singapore and Australian projects reported lower contributions. Frasers Property reported moderate earnings for the full-year ending 30 September, with attributable profits slipping 25.3% YoY to $560.3m in FY2019 from $749.7m in the previous year, the company’s SGX filing revealed. Revenue ...
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HRnetGroup Q3 profit down 4.9% to S$12m after revaluation of securities

8 Nov 2019 - The Business Times
HRNETGROUP's third-quarter net profit declined 4.9 per cent to S$12 million from S$12.6 million a year ago, the mainboard-listed firm said in a bourse filing on Friday morning. Excluding the effect from revaluation of marketable securities, net profit rose 3.1 per cent to S$12.7 million versus S$12.3 ...
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Frasers Logistics & Industrial Trust's NPI up 23.2% to $186.7m for FY2019

6 Nov 2019 - Singapore Business Review
This was boosted by contributions from new acquisitions in Europe and Australia. Frasers Logistics and Industrial Trust (FLT) ended the year with a bang after its net property income (NPI) rose 23.2% YoY to $186.7m (A$199.35m) for the full-year of 2019, compared to $151.45m (A$161.79m) for FY 2018, according ...
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Frasers Logistics raises $258.1m through private placement

1 Aug 2019 - Singapore Business Review
It will be used to fund the acquisition of 12 logistic facilities in Australia and Germany. Real-estate investment trust Frasers Logistics and Industrial Trust (FLT) has raised $258.1m through a private placement of 220 million units priced at $1.173 per unit, an announcement revealed. The proceeds will ...
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Frasers Logistics & Industrial Trust's NPI climbed 24.4% to $46.3m in Q3

29 Jul 2019 - Singapore Business Review
Acquisitions in Australia and Europe pushed income up. Frasers Logistics & Industrial Trust (FLT) sustained its strong business momentum after adjusted net property income rose 24.4% YoY to $46.3m (A$48.9m) in Q3 from $37.2m (A$39.3m) in 2018. Revenue also rose 21.6% YoY to $56.8m (A$60m) in Q3 from ...
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FLT to buy logistics facilities in Germany and Australia for $612.5m

3 Jul 2019 - Singapore Business Review
These properties have a total gross lettable area of approximately 297,000sqm. Frasers Logistics & Industrial Trust has entered into various sale and purchase agreements with subsidiaries of Frasers Property Limited (FPL) to acquire interests in nine freehold logistics properties located in Germany and ...
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Frasers Logistics & Industrial Trust NPI jumped 43.3% to $45.97m in Q2

29 Apr 2019 - Singapore Business Review
Earnings were bolstered by its 2018 and 2019 acquisitions in Europe and Australia. Frasers Logistics & Industrial Trust’s (FLT) net property income (NPI) soared 43.3% YoY to $45.97m (A$47.87m) in Q2 from $32.09m (A$33.41m), an announcement revealed. Revenue for the quarter also jumped 36.9% YoY from ...
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