Frasers Logistics & Commercial Trust (“FLCT”) is a Singapore-listed real estate investment trust with a portfolio comprising 114 industrial and commercial properties, worth approximately S$6.8 billion, diversified across five major developed markets – Australia, Germany, Singapore, the United Kingdom and the Netherlands. FLCT was listed on the Mainboard of Singapore Exchange Securities Trading Limited (“SGX-ST”) on 20 June 2016 as Frasers Logistics & Industrial Trust and was subsequently renamed Frasers Logistics & Commercial Trust on 29 April 2020 following the completion of a merger with Frasers Commercial Trust. FLCT’s investment strategy is to invest globally in a diversified portfolio of income-producing properties used predominantly for logistics or industrial purposes located globally, or commercial purposes (comprising primarily CBD office space) or business park purposes (comprising primarily non-CBD office space and/or research and development space) located in the Asia-Pacific region or in Europe (including the United Kingdom). FLCT is sponsored by Frasers Property Limited. FLCT is a constituent of the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index), Straits Times Index and Global Property Research (GPR) 250.
Metrics to compare | FRAE | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipFRAEPeersSector | |
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P/E Ratio | 25.0x | 15.2x | 9.0x | |
PEG Ratio | 0.12 | −0.17 | 0.01 | |
Price/Book | 0.8x | 0.8x | 0.9x | |
Price / LTM Sales | 7.3x | 6.7x | 3.9x | |
Upside (Analyst Target) | 11.9% | 12.0% | 12.7% | |
Fair Value Upside | Unlock | −9.2% | 0.4% | Unlock |