Frasers Logistics & Frasers Commercial Considering a Merger

News about Frasers Logistics & Industrial Trust

Bloomberg reports that Singapore REITs Frasers Logistics and Frasers Commercial are planning to merge:

A combined company would manage almost 100 properties worth $4 billion across Singapore, Australia and Europe, including warehouses, offices and business parks, according to their websites. An announcement on the deal could come within days, one of the people said, declining to be named as the information is still private.

Trading of both trusts was halted on Thursday.

Frasers Logistics & Industrial Trust
Price1.230 SGD
NAV0.950 SGD
Yield (4 quarters)5.69%