Frasers Logistics & Commercial Trust Issues New Units for Divestment Fees

Frasers Logistics & Commercial Trust ( (SG:BUOU) ) has provided an announcement.

Frasers Logistics & Commercial Trust has issued 386,833 new units to its manager as payment for divestment fees related to the sale of minority interests in properties located in Germany. The divestment, completed in November 2024, involved transactions with Frasers Property Investments (Europe) B.V., FPI Netherlands B.V., and Stichting Coeval. These transactions are considered ‘interested party transactions,’ and the units issued as payment will not be sold for at least one year. This issuance increases the total number of units in FLCT to over 3.7 billion, with the manager holding a 0.51% stake.

The most recent analyst rating on (SG:BUOU) stock is a Buy with a S$1.11 price target. To see the full list of analyst forecasts on Frasers Logistics & Commercial Trust stock, see the SG:BUOU Stock Forecast page.

More about Frasers Logistics & Commercial Trust

Frasers Logistics & Commercial Trust (FLCT) is a real estate investment trust based in Singapore, focusing on logistics and commercial properties. It is managed by Frasers Logistics & Commercial Asset Management Pte. Ltd. and invests in properties primarily located in Europe and Australia.

Average Trading Volume: 18,513,780

Technical Sentiment Signal: Sell

Current Market Cap: S$3B

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