FLCT retains portfolio occupancy of 95.8% in 1Q24

It also retained full occupancy for its logistics and industrial portfolio.

Frasers Logistics & Commercial Trust (FLCT) ended 1Q24 with a stable portfolio occupancy of 95.8%.

FLCT also retained full occupancy for its logistics and industrial portfolio, whilst its commercial assets recorded an 89.4% occupancy rate.

In 1Q24, the company leased ~128,000 sqm of space.

In the same quarter, FLCT achieved strong portfolio rental reversions of 11.6% on an incoming rent vs. outgoing rent basis and +18.2% on an average rent vs. average rent basis.

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Frasers Logistics & Commercial Trust

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