Want to see SG:BUOU full AI Analyst Report?
Top Page
Frasers Logistics & Commercial Trust
(SGX:BUOU)
Select Model
Select Model
Rating:68Neutral
Price Target:
S$0.96
▲(3.12% Upside)
Action:Downgraded
Date:08/04/26
The score is driven primarily by solid financial performance, led by strong cash flow metrics and improved profitability, offset by slightly negative revenue growth and modest ROE. Technicals are broadly neutral with mild positive momentum, while valuation is supported by a strong dividend yield but only a moderate P/E.
Positive Factors
Strong cash generation
Strong cash generation and conversion provide durable support for distributions, debt servicing, and property investment. The combination of free cash flow growth and cash flow exceeding accounting profit indicates that reported earnings are translating effectively into usable funds.
Negative Factors
Recent revenue contraction
The recent revenue decline indicates that FLT’s rental and property-related income has not been consistently expanding. If this trend persists, it could constrain organic distributable income growth and increase reliance on lease renewals, occupancy improvement, or asset management initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Strong cash generation and conversion provide durable support for distributions, debt servicing, and property investment. The combination of free cash flow growth and cash flow exceeding accounting profit indicates that reported earnings are translating effectively into usable funds.
Read all positive factors
Frasers Logistics & Commercial Trust (BUOU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.37B
Dividend Yield6.67%
Average Volume (3M)13.01M
Price to Earnings (P/E)15.7
Beta (1Y)0.58
Revenue Growth0.44%
EPS Growth57.42%
CountrySG
Employees22
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.06
Shares Outstanding3,808,609,100
10 Day Avg. Volume11,922,070
30 Day Avg. Volume13,013,203
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.86
Price to Sales (P/S)7.59
P/FCF Ratio14.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.09Price Target Upside16.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.05
Revenue Forecast (FY)S$507.94M
Frasers Logistics & Commercial Trust Business Overview & Revenue Model
Company Description
Frasers Logistics & Commercial Trust (FLCT) is a prominent Singapore-listed real estate investment trust, boasting a substantial portfolio of approximately 100 industrial and commercial properties valued at around S$6.2 billion. Its holdings are s...
How the Company Makes Money
FLT makes money primarily by collecting contractual rental income from tenants that lease space in its logistics/industrial and commercial properties. Revenue is typically secured through lease agreements that specify base rent (and, where applica...
Frasers Logistics & Commercial Trust Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 476.95M | 471.49M | 446.67M | 420.78M | 450.19M | 469.33M |
| Gross Profit | 312.11M | 338.85M | 321.13M | 314.13M | 347.92M | 365.82M |
| EBITDA | 347.16M | 347.94M | 281.62M | -24.95M | 902.74M | 922.08M |
| Net Income | 212.94M | 205.07M | 147.53M | -103.03M | 728.64M | 731.11M |
Balance Sheet | ||||||
| Total Assets | 7.29B | 7.34B | 7.14B | 6.94B | 7.41B | 7.68B |
| Cash, Cash Equivalents and Short-Term Investments | 120.71M | 299.10M | 133.57M | 152.74M | 220.73M | 140.37M |
| Total Debt | 2.49B | 2.64B | 2.41B | 2.16B | 2.10B | 2.69B |
| Total Liabilities | 2.93B | 3.07B | 2.81B | 2.51B | 2.52B | 3.06B |
| Stockholders Equity | 4.26B | 4.17B | 4.27B | 4.38B | 4.84B | 4.57B |
Cash Flow | ||||||
| Free Cash Flow | 231.19M | 251.69M | 223.16M | 140.99M | 179.33M | 272.93M |
| Operating Cash Flow | 231.19M | 302.26M | 311.37M | 302.25M | 306.94M | 301.81M |
| Investing Cash Flow | 115.32M | -35.94M | -263.66M | -128.31M | 523.51M | -325.41M |
| Financing Cash Flow | -364.26M | -104.23M | -67.38M | -243.09M | -737.69M | -4.79M |
Frasers Logistics & Commercial Trust Technical Analysis
Neutral
0.93
Price Trends
0.90
Negative
0.94
Negative
0.94
Negative
Market Momentum
>-0.01
Negative
50.80
Neutral
67.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BUOU, the sentiment is Neutral. The current price of 0.93 is above the 20-day moving average (MA) of 0.88, above the 50-day MA of 0.90, and below the 200-day MA of 0.94, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.80 is Neutral, neither overbought nor oversold. The STOCH value of 67.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:BUOU.
Frasers Logistics & Commercial Trust Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$3.37B | 15.72 | 5.05% | 6.67% | 0.44% | 57.42% | |
68 Neutral | S$10.88B | 13.75 | 7.00% | 6.15% | 6.53% | 0.82% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | S$5.50B | 21.27 | 3.97% | 6.73% | -0.67% | 1.92% | |
61 Neutral | S$1.51B | 91.18 | 1.71% | 11.93% | 4.85% | ― | |
60 Neutral | S$4.97B | 24.86 | 4.35% | 7.21% | -5.23% | -42.13% | |
58 Neutral | S$284.14M | 7.99 | 7.78% | 9.65% | 1.11% | 18.18% |
* Real Estate Sector Average
SG:BUOU
Frasers Logistics & Commercial Trust
0.89
-0.04
-4.32%
SG:A17U
CapitaLand Ascendas REIT
2.18
-0.52
-19.41%
SG:9A4U
ESR-REIT
1.86
-0.81
-30.36%
SG:M44U
Mapletree Logistics
1.07
-0.21
-16.67%
SG:ME8U
Mapletree Industrial
1.74
-0.35
-16.55%
SG:DHLU
Daiwa House Logistics Trust
0.41
-0.13
-24.30%
Frasers Logistics & Commercial Trust Corporate Events
FLCT Secures US$100m Loan with Change-of-Control Conditions
Sep 29, 2026
Frasers Logistics Commercial Trust has secured a US$100 million loan facility from MUFG Bank’s Singapore branch, with conditions tied to any change in its manager or the ownership control of the manager by Frasers Property Limited. The agre...
FLCT Flags Manager-Change Clause in New AUD 65m Loan
Aug 19, 2026
Frasers Logistics Commercial Trust has entered into an AUD 65 million loan facility with Crédit Industriel et Commercial’s Singapore branch, structured through its trustee and sub-trust entities. The agreement includes strict condition...
FLCT Unitholders Weigh European Logistics Acquisition at Extraordinary Meeting
Aug 14, 2026
Frasers Logistics Commercial Trust held an extraordinary general meeting in Singapore on 15 July 2026, where unitholders considered an ordinary resolution to approve a proposed acquisition of interests in four logistics and industrial properties ...
Frasers Logistics & Commercial Trust Issues New Units to Fund Acquisition Fee
Aug 3, 2026
Frasers Logistics Commercial Trust has issued 1,998,458 new units to its manager as payment of an acquisition fee of S$1.98 million, linked to the recent purchase of equity interests in property companies holding four logistics and commercial ass...
Frasers Logistics & Commercial Trust issues new units to pay management fees
Jul 31, 2026
Frasers Logistics Commercial Trust has issued 5,349,057 new units on 31 July 2026 to satisfy 75% of the base management fees for the REIT and its Australian sub-trust for the quarter ended 30 June 2026. The units, priced at S$0.9873 based on the ...
Frasers Logistics & Commercial Trust Delivers Strong Rents and Stable Leverage in 3QFY26
Jul 30, 2026
Frasers Logistics Commercial Trust reported resilient operating metrics for the quarter ended 30 June 2026, with portfolio occupancy at 96.1% and a weighted average lease expiry of 4.9 years. The logistics and industrial segment remained particul...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.