0244 GMT - Frasers Logistics & Commercial Trust's improving occupancy could support higher distribution per unit, says UOB Kay Hian's Jonathan Koh in a note. Occupancy for the real-estate investment trust's Australia logistics portfolio gained 4.3 percentage points in fiscal 4Q, returning to 100% occupancy, the analyst notes. That helped to boost its overall logistics properties occupancy to 99.7%, he adds. The REIT has also made progress in filling leases that were vacated by Google, he says. Koh raises his FY 2026 DPU projections by 2.5% due to improved occupancy and the REIT's move to pay 75% of its management fees in units, up from 50%. UOB KH increases its target price to S$1.22 from S$1.15 and maintains a buy rating. Units rise 0.5% to S$0.975. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 26, 2025 21:44 ET (02:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.