0358 GMT - Frasers Logistics & Commercial Trust's inorganic growth prospects remain supported by a robust balance sheet, CGS International's Lock Mun Yee and Li Jialin say in a note. The REIT's 2H and full-year distribution per unit beat expectations, helped by strong performance from its Singapore industrial property segment and higher income from some European assets. Portfolio occupancy and overall rents renewed also gained, they add, although some commercial leases in Singapore and the U.K. were renewed at a lower rate. The REIT manager says it will look for opportunities to expand its logistics and industrial segment. CGS International lowers its target to S$1.10 from S$1.13 to factor in the analysts' lower DPU estimates for FY 2026-2027. The brokerage maintains its add rating. Units are up 1.05% at S$0.96.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 09, 2025 22:58 ET (03:58 GMT)
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