Frasers Logistics & Commercial Trust Keeps Bull on Projected Yields -- Market Talk

Dow Jones
Feb 04

0345 GMT - Frasers Logistics & Commercial Trust's projected yields keep Citi analyst Brandon Lee bullish on the real estate investment trust's units. He estimates Frasers Logistics & Commercial's FY 2026 and FY 2027 yields at 5.6% and 5.8%, respectively, which he finds decent despite the REIT's units outperforming its peers year-to-date. A space vacated by Google saw reasonable pick-up in commitment and should support core earnings growth in FY 2026, he adds in a note. Potential divestments of underperforming commercial assets or acquisitions of non-commercial assets could be key unit-price catalysts, he says. Citi maintains its buy rating and S$1.08 target. Units are up 2.0% at S$1.03.(megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

February 03, 2026 22:45 ET (03:45 GMT)

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