OVERVIEW OF FLT
FLT is a Singapore real estate investment trust (“REIT”) 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.
Compare to other Singapore REITs here.