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)
Copyright (c) 2026 Dow Jones & Company, Inc.