Frasers Logistics Sells 3 Australian Properties Above NAV

News about Frasers Logistics & Commercial Trust

Frasers Logistics and Commercial Trust is announcing the divestment of 3 leasehold properties in South Australia:

The total consideration for the properties is A$29.6 million (S$29.5 million), which represents a 19.4 per cent premium to their book value of A$24.8 million as at Sept 30, 2020, the manager said in the exchange filing.

Frasers Logistics & Commercial Trust
Price1.470 SGD
NAV1.100 SGD
Yield (4 quarters)3.66%
Gearing36.2%