FLCT posts 8.2% rental reversion in Q3 FY2026
Portfolio occupancy was 96.1% as at end-June.
Frasers Logistics & Commercial Trust (FLCT) recorded positive portfolio rental reversions of 8.2% in the third quarter ended 30 June.
The result was based on 30 leases covering 146,609 square metres (sq. m.). Its Logistics and Industrial portfolio posted an 11.9% rental reversion, offsetting a 0.3% negative reversion in the commercial portfolio.
Year-to-date reversions stood at 9.3% across 65 leases covering 489,259 sq. m.
Portfolio occupancy was 96.1% as at end-June, comprising 99.7% for logistics and industrial assets and 88.4% for commercial properties.
The portfolio had a weighted average lease expiry of 4.9 years and comprised 114 properties valued at about $7.1b.
Meanwhile, FLCT divested the vacant Juniper Building at Blythe Valley Business Park in the UK for approximately $3.7m (£2.2m) during the quarter.
Its sale price was 37.5% above the building’s $2.7m (£1.6m) valuation as at 30 April.
The asset had been vacant since June 2024 and was sold to a third-party owner-occupier.
$1 = £0.6.