0620 GMT - Frasers Logistics & Commercial Trust likely offers a quality portfolio, Maybank Research's Krishna Guha says in a report. The portfolio's long leases, high occupancy and built-in rental escalations underpin a visible and growing income stream for the REIT, the analyst says. Also, the continuing portfolio shift toward logistics and industrial assets should further strengthen the REIT's income resilience. While rising interest rates pose a headwind, indexed and step-up rents together with attractive valuation of 6.8% yield and 0.8X price-to-book ratio provide buffers. Maybank Research initiates coverage with a buy rating and a target price of 1.00 Singapore dollars. Units are 0.6% higher at S$0.88.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.