Frasers Logistics & Commercial Trust (BUOU) released its business update for the quarter ended Jun, 30 2026 on Jul, 30 2026.

The real estate investment trust said portfolio occupancy stood at 96.1 per cent with a weighted average lease expiry of 4.9 years. Aggregate leverage was 35.4 per cent, while the trailing 12-month average cost of borrowing was 3.2 per cent. Interest coverage ratio came in at 4.6 times and 69.3 per cent of borrowings were fixed-rate.

Total assets under management were valued at 7.1 billion Singapore dollars across 114 properties in Australia, Germany, the Netherlands, Singapore and the United Kingdom. The logistics and industrial segment accounted for 75.3 per cent of portfolio value.

During the quarter, unitholders on Jul, 15 2026 approved the S$441.5 million (approximately €294.9 million) purchase of four fully occupied freehold logistics properties in Germany and the Netherlands, adding 179,645 square metres of space and a 5.7-year WALE. The transaction, funded entirely by debt, is expected to lift distribution per unit by 1.7 per cent.

FLCT also completed the disposal of the vacant Juniper Building at Blythe Valley Business Park, United Kingdom, for £2.2 million (about 3.7 million Singapore dollars), representing a 37.5 per cent premium to its Apr, 30 2026 valuation.

The trust maintained a 5-Star GRESB rating, with more than 90 per cent of its gross floor area either green-certified or pursuing certification and over 20 megawatts of solar capacity installed.

FLCT reported debt headroom of 547 million Singapore dollars to reach a 40 per cent leverage threshold, and undrawn committed facilities of 526 million Singapore dollars cover the 80 million Singapore dollars of debt maturing in the final quarter of FY2026.