0312 GMT - Frasers Logistics & Commercial Trust may benefit from certain initiatives, DBS Group Research analysts say in a research report as they maintain the trust's buy rating. The REIT seems poised to continue focusing on acquiring forward-funded projects or assets with "value-add" opportunities, including those with potential for expansion, the analysts say. Also, management has indicated its plans to preserve debt headroom for future growth opportunities rather than using it to manage distribution per unit. However, DBS adopts a more conservative approach toward the REIT, including assuming the cessation of capital gains distribution, and lowers the target price to S$1.10 from S$1.30. Units are 0.6% higher at S$0.885. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 22:12 ET (03:12 GMT)
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