Frasers Logistics and Industrial Trust
This is one of the REIT that I like.
Considering this, Fraser Logistic & Industrial Trust has ample avenues to spur future growth especially with its two new call option properties. Including the company’s initial IPO portfolio of 51 prime industrial and logistics assets that are strategically located across five states in Australia, FLT’s portfolio now comprises 53 properties.
Frasers Logistic & Industrial Trust corporate video:
http://investor.
http://investor.
The portfolio of 51 properties have a weighted average lease expiry (WALE) of 6.9 years.
=> This means the tenants will pay lease for a long time. And the REIT manager does not need to find new tenants for the time being.
=> This means the tenants will pay lease for a long time. And the REIT manager does not need to find new tenants for the time being.
All of the leases in the REIT’s portfolio have built-in rental increments that are fixed or linked to inflation. The portfolio has an average annual rental increment rate of 3.2%.
=> This will increase NPI (net property income) over next few years. Higher NPI will result in higher dividend yield.
=> This will increase NPI (net property income) over next few years. Higher NPI will result in higher dividend yield.
Jone Lang LaSalle (JLL) believes the supply of industrial assets in Australia will come in below the 10-year annual average of 1.7 million sqm in 2016. This pipeline is largely contributed by projects in the planning stages.
On the other hand, demand, as measured by occupier take-up, was 2.3 million sqm in 2015. This exceeded the 10-year average of 2.0 million sqm.
=> This means more demand over supply condition for Australia industrial assets.
Considering this, Fraser Logistic & Industrial Trust has ample avenues to spur future growth especially with its two new call option properties. Including the company’s initial IPO portfolio of 51 prime industrial and logistics assets that are strategically located across five states in Australia, FLT’s portfolio now comprises 53 properties.
The REIT’s sponsor and manager is Frasers Centrepoint Ltd.
For the fiscal year ended 30 September 2017, the REIT foresees a distribution per unit of 6.37 cents (for the minimum offering price) and 6.50 cents (for the maximum offering price). This works out to a forward yield of about 6.50%.
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