Frasers Logistics & Commercial Trust's stock surged 3.09% during intraday trading on Tuesday, reflecting strong investor sentiment following the release of its first-half financial results and recent strategic moves.
The REIT reported 1HFY26 revenue growth of 2.8% to S$238.9 million, with net income rising 6.6% to S$110.09 million. Key performance drivers included strong average portfolio rental reversions of +8.8% and a healthy occupancy rate of 96.1%. The trust also completed a €43 million acquisition of a fully leased freehold logistics facility in Hapert, Netherlands, strengthening its European logistics portfolio.
Management highlighted the successful pivot toward logistics and industrial assets as a main growth engine, supported by prudent capital management with aggregate leverage at 33.7%. The trust also incorporated a new Dutch subsidiary, FLT INV 33 B.V., for property holding, indicating continued strategic focus on European expansion.
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