Frasers Logistics & Commercial Trust's Proposed Sale Is Timely -- Market Talk

Dow Jones07-17

0100 GMT - Frasers Logistics & Commercial Trust's proposed S$192.1 million sale of its Australian office property 357 Collins Street is timely, Citi's Brandon Lee says in a note. The divestment is likely to offer advantages such as expanded debt headroom for new purchases and improved operating metrics from exiting the challenging Melbourne office market. These should far outweigh the cons, which include slight distribution-per-unit dilution and the asset's sale price being lower than what it was purchased for. He notes that the trust's units have underperformed the Singapore REIT sector year-to-date, but maintains a buy rating thanks to a healthy balance sheet, undemanding valuations and decent fundamentals within the Europe and Australia logistics sector. Citi also maintains its S$1.00 target. Units last closed at S$0.855. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 16, 2025 21:02 ET (01:02 GMT)

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07-18
ShareShare
Yes. DPU will slide. Think of switching to CapitaIndia.

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These should far outweigh the cons, which include slight distribution-per-unit dilution and the asset's sale price being lower than what it was purchased for. He notes that the trust's units have underperformed the Singapore REIT sector year-to-date, but maintains a buy rating thanks to a healthy balance sheet, undemanding valuations and decent fundamentals within the Europe and Australia logistics sector. Citi also maintains its S$1.00 target. Units last closed at S$0.855. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2025 21:02 ET (01:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Frasers Logistics & Commercial Trust's Proposed Sale Is Timely -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrasers Logistics & Commercial Trust's Proposed Sale Is Timely -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-17 09:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0100 GMT - Frasers Logistics &amp; Commercial Trust's proposed S$192.1 million sale of its Australian office property 357 Collins Street is timely, Citi's Brandon Lee says in a note. The divestment is likely to offer advantages such as expanded debt headroom for new purchases and improved operating metrics from exiting the challenging Melbourne office market. These should far outweigh the cons, which include slight distribution-per-unit dilution and the asset's sale price being lower than what it was purchased for. He notes that the trust's units have underperformed the Singapore REIT sector year-to-date, but maintains a buy rating thanks to a healthy balance sheet, undemanding valuations and decent fundamentals within the Europe and Australia logistics sector. Citi also maintains its S$1.00 target. Units last closed at S$0.855. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2025 21:02 ET (01:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6133","symbol_name":"工业房地产信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2552718561","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552718561","pubTimestamp":1752714120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0100 GMT - Frasers Logistics & Commercial Trust's proposed S$192.1 million sale of its Australian office property 357 Collins Street is timely, Citi's Brandon Lee says in a note. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6133":"工业房地产信托","NEX.SI":"绿达环球有限公司","BK6039":"环境与设施服务","BK6520":"工商业服务概念","BK6082":"工业房地产投资信托","BK6512":"房地产股","BUOU.SI":"星狮物流工业信托"},"translate_title":"星狮物流与商业信托公司的出售提议是及时的——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEX.SI":1,"BUOU.SI":0.9},"content_text":"0100 GMT - Frasers Logistics & Commercial Trust's proposed S$192.1 million sale of its Australian office property 357 Collins Street is timely, Citi's Brandon Lee says in a note. The divestment is likely to offer advantages such as expanded debt headroom for new purchases and improved operating metrics from exiting the challenging Melbourne office market. These should far outweigh the cons, which include slight distribution-per-unit dilution and the asset's sale price being lower than what it was purchased for. 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(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 16, 2025 21:02 ET (01:02 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[{"id":458078448583224,"gmtCreate":1752804955587,"gmtModify":1752804959238,"author":{"id":"4098844373599920","authorId":"4098844373599920","name":"ShareShare","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"4098844373599920","idStr":"4098844373599920"},"htmlText":"Yes. DPU will slide. Think of switching to CapitaIndia.&nbsp;","listText":"Yes. DPU will slide. Think of switching to CapitaIndia.&nbsp;","text":"Yes. DPU will slide. Think of switching to CapitaIndia.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/458078448583224","repostId":2552718561,"repostType":2,"repost":{"id":"2552718561","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1752714120,"share":"https://ttm.financial/m/news/2552718561?lang=en_US&edition=fundamental","pubTime":"2025-07-17 09:02","market":"sh","language":"en","title":"Frasers Logistics & Commercial Trust's Proposed Sale Is Timely -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2552718561","media":"Dow Jones","summary":"0100 GMT - Frasers Logistics & Commercial Trust's proposed S$192.1 million sale of its Australian office property 357 Collins Street is timely, Citi's Brandon Lee says in a note. 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The divestment is likely to offer advantages such as expanded debt headroom for new purchases and improved operating metrics from exiting the challenging Melbourne office market. These should far outweigh the cons, which include slight distribution-per-unit dilution and the asset's sale price being lower than what it was purchased for. He notes that the trust's units have underperformed the Singapore REIT sector year-to-date, but maintains a buy rating thanks to a healthy balance sheet, undemanding valuations and decent fundamentals within the Europe and Australia logistics sector. Citi also maintains its S$1.00 target. Units last closed at S$0.855. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2025 21:02 ET (01:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Frasers Logistics & Commercial Trust's Proposed Sale Is Timely -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrasers Logistics & Commercial Trust's Proposed Sale Is Timely -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-17 09:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0100 GMT - Frasers Logistics &amp; Commercial Trust's proposed S$192.1 million sale of its Australian office property 357 Collins Street is timely, Citi's Brandon Lee says in a note. The divestment is likely to offer advantages such as expanded debt headroom for new purchases and improved operating metrics from exiting the challenging Melbourne office market. These should far outweigh the cons, which include slight distribution-per-unit dilution and the asset's sale price being lower than what it was purchased for. He notes that the trust's units have underperformed the Singapore REIT sector year-to-date, but maintains a buy rating thanks to a healthy balance sheet, undemanding valuations and decent fundamentals within the Europe and Australia logistics sector. Citi also maintains its S$1.00 target. Units last closed at S$0.855. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2025 21:02 ET (01:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK6133":"工业房地产信托","NEX.SI":"绿达环球有限公司","BK6039":"环境与设施服务","BK6520":"工商业服务概念","BK6082":"工业房地产投资信托","BK6512":"房地产股","BUOU.SI":"星狮物流工业信托"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2552718561","content_text":"0100 GMT - Frasers Logistics & Commercial Trust's proposed S$192.1 million sale of its Australian office property 357 Collins Street is timely, Citi's Brandon Lee says in a note. The divestment is likely to offer advantages such as expanded debt headroom for new purchases and improved operating metrics from exiting the challenging Melbourne office market. These should far outweigh the cons, which include slight distribution-per-unit dilution and the asset's sale price being lower than what it was purchased for. He notes that the trust's units have underperformed the Singapore REIT sector year-to-date, but maintains a buy rating thanks to a healthy balance sheet, undemanding valuations and decent fundamentals within the Europe and Australia logistics sector. Citi also maintains its S$1.00 target. Units last closed at S$0.855. 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