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SGX:BUOU

9 stories mentioning SGX:BUOUUpdated 2d ago

Every FINWIRES story that references SGX:BUOU, newest first.

Treasury

Frasers Logistics & Commercial Trust Issues New Units For Acquisition Fees

Frasers Logistics & Commercial Trust (SGX:BUOU) issued nearly 2 million units to its manager at SG$0.9886 per unit as payment for a SG$2 million acquisition fee, according to a Monday filing with the Singapore Exchange.The fee was in connection with the acquisition of four properties in Germany and the Netherlands.Following the issuance, the manager has an interest in 20.2 million units, accounting for 0.53% of the company's total issued units.

SGX:BUOU
Asia

Frasers Logistics & Commercial Trust Issues Over 5 Million New Units to Pay Management Fees

Frasers Logistics & Commercial Trust (SGX:BUOU) issued 5.4 million new units on July 31 to pay management fees for the quarter ended June 30, according to a Friday Singapore Exchange filing.The REIT issued 4.28 million units at SG$0.9873 each to cover 75% of its REIT manager's base fee and 1.07 million units at the same price to cover 75% of the HAUT manager's base fee.The aggregate base fee for the April-to-June period amounted to SG$7.04 million, it said.Following the issuance, the trust's total units in issue increased to about 3.81 billion.

SGX:BUOU
Asia

Frasers Property Concludes Divestment of Four European Assets

Frasers Property (SGX:TQ5) completed the divestment of equity interests in four properties in Germany and the Netherlands for 214.9 million euros, according to a Friday filing with the Singapore Exchange.Frasers, through two subsidiaries, continues to hold a 10.1% interest in two of the four property companies, the filing stated.

SGX:BUOUSGX:TQ5
Asia

Frasers Logistics & Commercial Trust Portfolio Occupancy Reaches 96.1% in Fiscal Q3

Frasers Logistics & Commercial Trust (SGX:BUOU) booked an occupancy of 96.1% for its fiscal third quarter ended June 30, according to a Thursday filing with the Singapore Exchange.Weighted average lease expiry (WALE) came in at 4.9 years, with an aggregate leverage of 35.4% as of June 30.During the period, the trust had a total of 114 properties valued at around SG$7.06 billion.

SGX:BUOU
Asia Markets

Singapore Shares in Green as US-Iran Continue with Peace Negotiations

Singapore shares closed higher on Monday, with investor sentiment given a boost as dialogue between the US and Iran for lasting peace continued.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,204.01 and 5,174.30 throughout the day. It ended the session at 5,204.01, up 11.31 points or 0.2% compared to Friday's close.On the corporate front, shares of Asiatic Group (SGX:5CR) plunged over 25% as it agreed to dispose of a 49% stake in Colben Energy (Cambodia) to the chairman of its joint venture partner, Royal Group Phnom Penh, for $3.1 million.MetaOptics (SGX:9MT) closed nearly 2% as it received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares.Meanwhile, shares of Frasers Logistics & Commercial Trust (SGX:BUOU) were down nearly 2% at the close as it signed two five-year property management agreements.

^STISGX:5CRSGX:9MTSGX:BUOU
Asia

Frasers Logistics & Commercial Trust Signs Five-Year Property Management Deals

Frasers Logistics & Commercial Trust (SGX:BUOU) signed two five-year property management agreements, according to a Friday filing with the Singapore Exchange.Shares of the trust were down over 2% in Monday trading.The trust signed agreements with subsidiaries, Frasers Property Corporate Services, to handle its non-Australian properties, and FPI Property Management Services to cover its Australian portfolio.The key change from the prior agreements is the inclusion of fee provisions for rooftop solar power facilities.

SGX:BUOU
Asia

Frasers Property to Divest Stakes in European Properties for EUR215 Million

Frasers Property's (SGX:TQ5) subsidiaries, Frasers Property Investments (Europe) and FPE Investments RE11, signed a conditional share purchase agreement with FLT Europe to divest their stakes in four property holding companies in Germany and the Netherlands for 214.9 million euros in cash.Shares of the property developer were down nearly 1% in Tuesday trading.FLT Europe is a subsidiary of Frasers Logistics & Commercial Trust (SGX:BUOU), while the four property holding companies own four logistics properties, according to a Monday bourse filing.The disposal is part of the company's strategy to recycle capital to optimize capital productivity.

SGX:BUOUSGX:TQ5
Asia

Frasers Logistics & Commercial Trust's DPU Down 1.7% in Fiscal H1

Frasers Logistics & Commercial Trust's (SGX:BUOU) distribution per unit or DPU fell 1.7% during the fiscal first half ended March 31 to SG$0.0295 from SG$0.03 a year earlier, according to a Tuesday filing with the Singapore Exchange.Distributable income fell by 1% to SG$111.9 million from SG$113.0 million.Adjusted net property income rose 3.6% to SG$167 million from SG$161.3 million in the year-ago period.Revenue was up 2.8% year over year to SG$238.9 million from SG$232.3 million.Overall portfolio occupancy stood at 96.1%, backed a weighted average lease expiry of 4.9 years.

SGX:BUOU
Asia

Frasers Logistics & Commercial Trust to Acquire Logistics Asset in Netherlands

Frasers Logistics & Commercial Trust (SGX:BUOU) agreed to acquire a freehold logistics property located at Haper, the Netherlands for 43 million euros from VDG Property Development 10, according to a Thursday filing with the Singapore Exchange.The property spans a gross lettable area of 25,603 square meters and is fully leased to DSV Air & Sea Nederland.Following the completion of the acquisition, the trust's portfolio will comprise 114 properties valued at around SG$7 billion.

SGX:BUOU

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