Frasers L&C Tr - 1st quarter results update is out! The metrics seem improved quite a fair bit as compared to FY financial numbers. Average rental reversion is up 36.4 anf Total rental reversion of 13.6 percent for the total L&I. Total occupancy rate improved from 95.1 to 96.2 percent.
Overall the average rental reversion increased 29.8% and Total positive rental reversion of 10.7% is quite a vast improvement! The numbers looks good!
The cost of borrowings is 3.1% seem not too bad.
Gearing decreased from 35.6 % to 34.8%.
ATP: Secured leases for ~83% (▲from
58% as at 30 Sep 25) of ex-Google space.
Occupancy at 74.5%, if excluding
committed leases yet to commence. All
committed leases will commence no later than 3rd quarter of 2026.
WALE 4.9 years.
S$251 million of undrawn committed facilities are currently available to meet
upcoming debt obligations of S$60 million due in 2QFY2026.
ICR 4.1x. Seem good!
https://sporeshare.blogspot.com/2026/02/frasers-l-tr-1st-quarter-results-update.html
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