S-REITs - Week 12 - 2024

( YTD: -16.25% )

List of Top Management resigned 

- Tripp Gantt, CEO

- Caroline Fong , Deputy CEO

- Robert Wong, CFO

- Patrick Arthur Browne, CIO

New incoming Top Management 

- John Casasante, CEO, & CIO

- Musgtaque Ali, CFO

Earlier, there were four individuals in the headcount. Following the appointment of new management, the count has decreased to two.

For further information, please click here

( YTD: -9.30% )

The REIT repurchases more shares

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( YTD: -7.83%  )

Frasers Logistics & Commercial Trust Increases Logistics & Industrial Footprint with the Acquisition of Interests in a Portfolio of Four Properties

• Acquisition of 89.9% interest in a logistics and industrial (“L&I”) portfolio of four properties at an agreed property purchase price of €129.5 million (approximately S$188.9 million)
• A stabilised income-producing L&I portfolio with 100% occupancy and a weighted average lease expiry (“WALE”) of 6.1 years
• Proposed portfolio is to be acquired at a discount of 5.3% and 1.1% to two independent valuations
• Acquisition is expected to be DPU and NAV accretive
• Aligned with investment strategy to increase its L&I portfolio weightage in an existing market that FLCT has a presence in

For further information, please click here

( YTD: -41.28%  )

RESIGNATION OF CHIEF EXECUTIVE OFFICER AND APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Outgoing CEO - Mr Harmeet Singh Bedi

New CEO - Rahul Rana

For further information, please click here

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