Frasers Logistics & Industrial Trust (FLT) FATAMA

 

FATAMA = Fundamental Analysis, Technical Analysis, Macro Analysis ūüôā

 

 

 

Fundamental Analysis

  • Type = Industrial (Australia)
  • Portfolio = 54
  • Last Traded Price = $0.935
  • NAV =¬†$0.94
  • Price / NAV =¬†0.9947
  • Forecasted Annual DPU = 1.74 cents * 4 = 6.96 cents
  • Distribution Yield =¬†7.44%
  • WALE = 6.9¬†Years
  • Occupancy Rate = 99.3%
  • Gearing Ratio = 29.7%
  • Pipeline from Sponsor (ROFR) = 14
  • Latest Frasers Logistic & Industrial Trust Earning Presentation.

See previous Frasers Logistic & Industrial Trust Analysis here.

Compare FLT with other Singapore REITs Table here.

 

 

 

 

Technical Analysis

 

 

 

Macro Analysis

Australian Annual Growth Rate

Australian Manufacturing PMI

AUD / SGD Price Chart

See AUD / SGD Exchange Rate and Price Chart here.

Frasers Logistics & Industrial Trust IPO Listing Balloting Result

Frasers Centrepoint Logistics and Industrial Trust Logo

OFFERING IN RESPECT OF 521,749,000 UNITS (‚ÄúUNITS‚ÄĚ) REPRESENTING UNDIVIDED INTERESTS IN FRASERS LOGISTICS & INDUSTRIAL TRUST (‚ÄúFLT‚ÄĚ) FOR SUBSCRIPTION AT THE OFFERING PRICE OF S$0.89 PER UNIT COMPRISING:

I. AN INTERNATIONAL PLACEMENT OF 441,749,000 UNITS TO INVESTORS, INCLUDING INSTITUTIONAL AND OTHER INVESTORS IN SINGAPORE (THE ‚ÄúPLACEMENT TRANCHE‚ÄĚ), OF WHICH 5,617,000 UNITS ARE RESERVED FOR SUBSCRIPTION BY THE DIRECTORS, MANAGEMENT, EMPLOYEES AND BUSINESS ASSOCIATES OF FRASERS CENTREPOINT LIMITED (THE ‚ÄúSPONSOR‚ÄĚ) AND FRASERS LOGISTICS & INDUSTRIAL ASSET MANAGEMENT PTE. LTD. (THE ‚ÄúREIT MANAGER‚ÄĚ) AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF FLT (THE ‚ÄúRESERVED UNITS‚ÄĚ); AND

II. AN OFFERING OF 80,000,000 UNITS TO THE PUBLIC IN SINGAPORE (THE ‚ÄúPUBLIC OFFER‚ÄĚ), SUBJECT TO THE OVER-ALLOTMENT OPTION OF UP TO 28,503,000 UNITS (THE ‚ÄúOVERALLOTMENT OPTION‚ÄĚ).

Frasers Centrepoint Logistics and Industrial Trust IPO Balloting Result1 Frasers Centrepoint Logistics and Industrial Trust IPO Balloting Result2 Frasers Centrepoint Logistics and Industrial Trust IPO Balloting Result3 Frasers Centrepoint Logistics and Industrial Trust IPO Balloting Result4

Please see the official announcement of the Frasers Logistics & Industrial Trust IPO Listing Balloting Result here.

NEWS RELEASE

Frasers Logistics & Industrial Trust IPO Prospectus

Frasers Logistics & Industrial Trust IPO Prospectus & Fundamental Analysis

Frasers Centrepoint Logistics and Industrial Trust Logo

OVERVIEW OF FLT
FLT is a Singapore real estate investment trust (‚ÄúREIT‚ÄĚ) established with the investment strategy¬†of principally investing globally, directly or indirectly, in a diversified portfolio of income-producing¬†real estate assets which are predominantly used for logistics or industrial purposes, whether¬†wholly or partially, as well as such industrial real estate-related assets in connection with the¬†foregoing, with an initial focus on Australia.¬†The REIT Manager is a wholly-owned subsidiary of the Sponsor.

Frasers Logistics & Industrial Trust IPO Prospectus

  • Type = Industrial (Australia)
  • Sponsor = Frasers Centrepoint Ltd¬†(22.5%) (Page 73)
  • Total Unit Offered = 521,749,000 (Page 72)
  • Portfolio = 51
  • IPO Offer Price = Between S$0.85 to S$0.89
  • Net Asset Value =$1,166,839,000 (Page 86)
  • Number of units in issue = 1,429,231,000 (Page 89)
  • NAV =¬†$0.8164
  • Price / NAV = between 1.04¬† to 1.09
  • Distribution Yield = 6.83%¬†to¬†7.0%¬†(2016), 7.3% to 7.5% (2017)
  • WALE = 6.9¬†Years (Page 4)
  • Occupancy Rate = 98.3% (Page¬†4)
  • Gearing Ratio = 29.0% (Page 138)
  • Plan Listing: June¬†21, 2016

Compare to other Singapore REITs here.

FLIT Portfolio June7-2019FLIT NPI June7-2019FLIT Portfolio plus 3 June7-2019FLIT overview June7-2019FLIT DPU Projection June7-2019 FLIT enlarged portfolio June7-2019FLIT Top 10 tenants June7-2019 FLIT Trade Diversificaiton June7-2019 FLIT WALE June7-2019 FLITstructure June7-2019FLIT Growth Strategy June7-2019 FLIT Growth Strategy drivers June7-2019AUD SGD June 7-2016Frasers Centrepoint Logistics and Industrial Trust IPO Listing Timetable

Compare to other Singapore REITs here.