Ascendas REIT announced their results about 2 weeks ago and reported a 3.7% growth in distributable income but a 10.8% yoy decline in 1H20 DPU. Broadly speaking results were seen as positive despite the Covid-19 pandemic raging on in other sectors. Positive rental reversions, especially in business parks, were encouraging and gearing of 36.1% continues to provide AREIT with a healthy debt headroom...
Frasers Logistics & Commercial Trust (FLCT) announced its 3QFY21 business update last evening. This is the first set of 'results' announced after the completion of the merger between FLT and FCOT. Due to the larger entity and mix, most of the yoy comparisons are not that meaningful since all show a huge increase due to the merger. To better assess how FLCT performed,...
