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 Commercial Trust NPI slipped 3% to $19.75m in Q3

23 Jul 2019 - Singapore Business Review
It was hit by higher property tax expense for Alexandra Technopark. Frasers Commercial Trust’s (FCT) net property income (NPI) dipped 3% YoY to $19.75m in Q3 FY19 from 20.37m during the same period a year ago, an announcement revealed. Gross revenue fell 7% YoY to $30.22m from $32.49m during the same ...
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Frasers Commercial Trust declines co-investment offer in Frasers Tower deal

27 Jun 2019 - Singapore Business Review
It received a notice from Frasers Property of its intentions to enter into an arrangement with an unrelated co-investor. Frasers Commercial Trust (FCOT) has rejected an opportunity to participate as a co-investor in the investment of 38-storey Grade A commercial development Frasers Tower, a filing with ...
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Frasers Commercial Trust refuses to cut back its interest in Frasers Towers

27 Jun 2019 - Singapore Business Review
The co-investment would have seen its stake slashed from 100% to 50%. Frasers Commercial Trust (FCT) has rejected an opportunity to participate as a co-investor in the investment of 38-storey Grade A commercial development Frasers Tower, a filing with the Singapore Exchange (SGX) revealed. FCT received ...
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Frasers Commercial Trust's NPI dropped 10.5% to $20.09m in Q2

23 Apr 2019 - Singapore Business Review
It blamed lower occupancies at Alexandra Technopark and the sale of 55 Market Street. Frasers Commercial Trust’s (FCT) net property income (NPI) slipped 10.5% YoY to $20.09m in Q2 2019 from $22.43m, an announcement revealed. Revenue also dipped 7.9% YoY from $33.01m to $30.4m. The dismal performance ...
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Frasers Commercial Trust to pay aggregate $21.6m in DPU in Q1 2019

21 Jan 2019 - Singapore Business Review
This represents a 7% annualised distribution yield based on the unit closing price of $1.37 in December 2018. Frasers Commercial Trust (FCT) announced it would pay distribution in respect of units for the Q4 2018 period amounting to an aggregate $21.6m which equals to a $0.024 distribution per unit (DPU). ...
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Overhang over Frasers Commercial Trust's inability to fill gap HP left may recede: analyst

18 Jan 2019 - Singapore Business Review
This is if Google is indeed moving into the 400,000 sqft space at Alexandra Technopark. Fears over Frasers Commercial Trust’s (FCT) inability to fill the space left by HP in December 2018 may recede should Google indeed be moving into an approximate 400,000 sqft space at Alexandra Technopark, according ...
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Frasers Commercial Trust might need to wait for revamps to pay off: analysts

22 Oct 2018 - Singapore Business Review
It finished the revamp of Alexandra Technopark, but concerns over HP leaving the property and lack of growth remain. Frasers Commercial Trust’s net property income (NPI) for Q4 2018 fell 19.2% to $21.61m as portfolio gross revenue was crushed by lower occupancy rates for the Singapore properties and ...
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Frasers Commercial Trust NPI crashed 19.2% to $21.61m in Q4

19 Oct 2018 - Singapore Business Review
Portfolio revenue in FY18 fell 14.8% to $133.8m due to lower occupancy rates in Singapore. Frasers Commercial Trust (FCOT) was hit by a 19.2% YoY decrease to $21.61m in its net property income (NPI) in Q4 FY2018, an announcement revealed. Revenue also dropped 15.2% to $32.47m from $38.31m a year ago. ...
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