Over $750 million of undrawn facilities are currently available. The trust’s aggregate leverage has increased to 36.2%, mainly due to debt-funded acquisition of a logistics property in Singapore, distribution payment and softening of AUD, EUR and GBP against the SGD.
Over 87% of the trust’s portfolio by gross floor area (GFA) is green-certified of pursuing green certification as at Dec 31, 2024.
On the outlook, the trust continues to prefer strategic locations for its core L&I properties to drive demand for modern logistics facilities. It has noticed a positive population growth, particularly in Australia that supports the L&I demand.
The trust notes that with supply chain resilience leading to higher inventory levels and nearshoring will support warehouse demand, evidenced by rental growth & high take-up rates for L&I. The continued growth in e-commerce is also expected to translate into demand for modern logistics and warehousing solutions.
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However, the trust notes that the interest rate and foreign exchange environment will remain uncertain in 2025.
Units in FLCT closed at 88 cents.
