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Monday, March 11, 2024

Frasers L&C Tr - This blue chips index reit counter is trading at an attractive yield level of 6.76 percent, gearing below 35 percent, NAV 1.17 seem like a great entry pivot point! Pls dyodd.

 Frasers L&C Tr  - This blue chips index reit counter is trading at an attractive yield level of 6.76 percent,  gearing below 35 percent,  NAV 1.17 seem like a great entry pivot point! 



She has managed to rebound from the low of 1.00 and is now trading at 1.05 level looks rather interesting! 

I think likely to rise up further to test 1.10 to 1.13!

Pls dyodd.


Frasers L&C Tr  - 4th quarter results is out! Gross Revenue is down 0.8% to 212.8m. NpI is down 4% to 155.5m. DpU is down 6.6% to 3.52 cents, Financial costs is up 29.7% to 25m.  






Gearing 30.2%. Fixed Loan rate of 77.2%.

Occupancy rate is 96%.

Rental reversion of +18%.

Full Year dpu is down 7.6% to 7.04 cents.

I think the weaker sets of Results is due to high financial costs and forex exchange loss.

Pls dyodd. 



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