Frasers Logistics & Commercial Trust
BUOU.SI : Singapore Exchange
0.985
0.00%
Share Price in SGD. As of 26 Jul 17:04:42 SGT
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Key stats
- 52-Week HighSGD 1.260
- 52-Week LowSGD 0.920
- Market CapSGD 3.7B
- Avg Volume7.4M
- P/E Ratio (TTM)-
- Forward Dividend Yield7.1%
Share Price Performance
| BUOU.SI | Market
| |
|---|---|---|
| 1 Day | 0.51% | 0.24% |
| 5 Day | -1.50% | -0.31% |
| 1 Month | 3.14% | 2.49% |
| 6 Month | -9.63% | 9.02% |
| YTD | -13.60% | 6.08% |
| 1 Year | -7.94% | 6.50% |
| 5 Year | -20.56% | 9.82% |
Beansprout Analysis
Beansprout's Checklist
-
Occupancy Rate of 94.3% is lower than sector average of 95.2%
-
Net property income yield of 4.63% is lower than its dividend yield of 7.1%
-
Gearing Ratio of 0.33x is lower than sector average of 0.38x
-
Interest Coverage Ratio of 5.9x is above 2.5x
-
Net Book Value of $1.17 is lower than its net book value of $1.30 in the previous year
-
Dividend Yield of 7.1% is higher than sector average of 6.1%
-
Distribution per unit growth is -7.61%
-
Price to Book of 0.85x is lower than sector average of 1.05x
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Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Price Target: $1.264
Source: SGX as of 27 Jul 2024
Analyst Ratings
CGS-CIMB
15 Mar 2024
Add
1.270
DBS Research
30 May 2024
Buy
1.440
OCBC Investment
20 May 2024
Buy
1.350
(prev 1.270)
UOB Kay Hian
21 May 2024
Buy
1.550
Valuation
Price to book (P/B) ratio
0.9
1
Frasers Logistics & Commercial Trust's current P/B ratio of 0.9x is lower than its historical average P/B ratio of 1x.
Earnings
Earnings Highlights
1H 2024
Revenue: SGD 216.03M
Increased 4% Year-on-Year
Net Property Income (NPI): SGD 158.83M
Increased 1% Year-on-Year
Net Profit: SGD 94M
Decreased 21% Year-on-Year
The total return for the period for 1H2024 of S$94.8 million was S$24.5 million (or 20.5%) lower than 1H2023. Besides the movements in Adjusted NPI, finance cost, tax expense as noted above, the decline was also attributable to an absence of gain on divestment of investment properties in 1H2024 versus S$17.4 million in 1H2023. The decline was in part offset by the net change in fair value of investment properties of S$6.7 million recorded in 1H2024. This relates to an accounting adjustment on investment properties from the acquisition of four logistics properties in Germany on 27 March 2024.
Portfolio Occupancy: 94.3%
Return on Equity (ROE): 4%
Decreased 20% Year-on-Year
Distribution Per Unit (DPU): SGD 0.03
Decreased 1% Year-on-Year
Leverage/Gearing: 55%
Increased 13% Year-on-Year
Outlook
The REIT Manager remains cognisant of the global low economic growth and elevated interest rate environment. In navigating volatilities in the financial market, the REIT Manager maintains a prudent capital management approach and employ appropriate hedging strategies to mitigate FX and interest rate risks.
Sources: Frasers Logistics & Commercial Trust Financial Report
Earnings per share (EPS)
The latest earnings per share is -$0.03, which is lower than the earnings per share of $0.20 in 2022.
Financials
Financial Statements
| 07 May 2024 | For period ending 31 Mar 2024 |
| 02 Nov 2023 | For period ending 30 Sep 2023 |
Annual Reports
| 22 Dec 2023 | For period ending 30 Sep 2023 |