Frasers Logistics & Industrial Trust

On 11th January 2018, bought 6,000 shares of Frasers Logistics & Industrial Trust at $1.16 per share.

I must admit that the price I purchased is rather high.

Assuming 7.01 cents distribution payout on Dec 2017 maintains , it yield will be at 6% based on $1.16 purchase price.

Rather than leaving the money in the bank to earn meagre interest, I am inclined to deploy into high yielding instruments.

This is also my second pure Australia's counter beside AusNet Services which operates it business in Australia too but in Utilities sector.



FLT owns 61 properties in Australia with 99.4% occupancy rate. The WALE is at 6.79 years provide greater certainty for investors who want longer & stable income.


68% of FLT borrowing are at fixed interest rates at the cost of 2.8% pa excluding debt related expenses. Gearing is low at 30.9% which means it has more room for DPU accretive acquisition in the future.


FLT tenants are mainly from Manufacturing ,Consumer & Logistics sector & majority (75.9%) of FLT tenants are in Consumer & Logistics sector.

90.7% FLT's portfolio are freehold & long leasehold which is more than 80 years, with 74% of its portfolio less than 10years old. The newer the properties the lesser expenses is require to enhance & maintain it's properties.



Comments

  1. I am also interested to buy FLT now. The current price is $1.03. Any advice on whether it is a good time to enter especially when they have a major acquisition in Europe?

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    Replies
    1. Cant advise you on whether it is a good time to buy now, it will depends on your investment time horizon & risk appetite.

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