4 Stocks This Week (Frasers) [28 November 2019] – Frasers Logistics & Industrial, Frasers Commercial, Frasers Hospitality, Frasers Centrepoint
Earlier this week on 28 November, both Frasers Logistics Trust and Frasers Commercial Trust requested for a trading halt. According to Bloomberg, Frasers Logistics & Industrial Trust and Frasers Commercial Trust are planning to merge. Should they become a combined company, they will manage close to 100 properties in Australia, Singapore and Europe.
This 2019, Singapore has seen its fair share of REITs consolidation.
Earlier this year, CapitaLand struck a $6 billion deal with Temasek Holdings for Ascendas and Singbridge. OUE Commercial REIT also agreed to buy OUE Hospitality Trust, and Ascott Residence Trust and Ascendas Hospitality Trust combined to create the largest hospitality trust in the Asia-Pacific region.
For this week’s edition of 4 Stocks This Week, we look at 4 different companies under the Frasers group.
Frasers Logistics & Industrial (SGX: BUOU)
Frasers Logistics & Industrial Trust (FLT) has a diversified portfolio of 91 logistics and industrial properties in Australia, Germany and the Netherlands.
In Australia alone, FLT has 62 properties across 5 different states, with 29 properties located in Melbourne, 16 in Sydney and 13 in Brisbane. In Germany, FLT manages 24 properties in cities such as Belin, Munich, Frankfurt and Cologne. FLT also manages 5 properties in the Netherlands.
FLT listed in June 2016, opening at $0.895 and has since rewarded investors with dividends every year. This year, FLT has given out dividends of $0.07 per share. With the trading halt imposed on Thursday, FLT’s last traded price remains at $1.240.
Frasers Commercial Trust (SGX: ND8U)
Frasers Commercial Trust (FCOT) comprises of 6 office buildings and business park/space buildings located in Singapore, Australia and United Kingdom. The offices in Singapore are Alexandra Technopark and China Square Central.
Frasers Commercial Trust has given out dividends every year since 2006. This year, FCOT has given out dividends of $0.096 per share.
Last week, FCOT opened at$1.620. With the trading halt imposed on Thursday, FCT’s last traded price remains at $1.670.
Frasers Hospitality Trust (SGX: ACV)
Frasers Hospitality Trust was the first global hotel and serviced residence trust to be listed on the SGX in July 2014. FHT consists of 15 properties in 6 different countries, Australia, Singapore, United Kingdom, Japan, Malaysia and Germany. This includes owns properties located in top cities such as Singapore, Melbourne, Sydney, London, and more.
In Singapore, FHT owns Fraser Suites Singapore and InterContinental Singapore.
In 2014, FHT was listed, opening at $0.854. Since 2015, Frasers Hospitality Trust has given out dividends every year. This year, FHT has given out dividends of $0.044 per share. Last Friday, FHT closed flat at $0.710.
Frasers Centrepoint Trust (SGX: J69U)
Frasers Centrepoint Trust (FCT) has a portfolio that comprises of 7 suburban malls, all of which are located in Singapore. These malls are: Causeway Point, Northpoint City North Wing (inclusive of Yishun 10 retail podium), Waterway Point, Changi City Point, Bedok Point, YewTee Point and Anchorpoint. These malls are located close to MRT stations, bus interchanges and residential areas.
FCT has been on an upward trend since the start of 2019, where it opened at $2.168. Last Friday, Frasers Centrepoint Trust closed flat at $2.760, an increase of 27.3% since the start of the year.
FCT has been listed on the SGX since 2006. This year, FCT gave out dividends of $0.14 per share, an increase from last year’s $0.12 per share.