Frasers Commercial Trust Divests 55 Market Street

Frasers seems pretty active in the divestment of their assets. I believe this is part of capital recycling. With Frasers Logistics and Industrial Trust announcing the divestment of one of their Australian asset ( Frasers Logistics and Industrial Trust Divests 80 Hartley Street Asset ), I received notification that Frasers Commercial Trust is divesting one of their Singapore properties, which is 55 Market Street. Frasers Commercial Trust currently makes up 2% of my stock portfolio.

55 Market Street is a 16-storey commercial property located in Raffles Place. The tenure is 999 years starting from April 1826. The total net lettable area is 71,796 square feet. Frasers Commercial Trust considers the property as a non core asset. Read More

Screening For Dividend Stocks Using The FSMOne Stock Screener

How do you usually identify stocks to buy? One of the method I use is via a stock screener. With the death of Google finance stock screener, I couldn’t find a good decent one and of course for free! Recently, I found an excellent stock screen at Fundsupermart (FSMOne) website that fit my needs. The user interface is clean, sleek, easy to use and most important of all, it has all the basic criterias that I can set and filter.

Below are the basic criteria that you can do set with the Fundsupermart stock screener. Read More

Frasers Logistics and Industrial Trust Divests 80 Hartley Street Asset

The manager for Frasers Logistics and Industrial Trust is full of action. After the recent aggressive acquisition of Germany and Netherlands assets, it has recently announced a divestment of one of its Australian asset.

Frasers Logistics and Industrial Trust will be divesting one of its Australian asset (“80 Hartley Street, Smeaton Grange, NSW”) for A$90.5 million (S$90.5 million). The Property was purpose-built for Coles Supermarkets Australia Pty Ltd and will have a remaining lease term of approximately five years, upon extension of the existing lease.

The sale consideration is 40.3% above the book value of the Property of A$64.5 million (approximately S$64.5 million) as at 31 March 2018 and at a 39.2% premium over the original purchase price paid by Frasers Logistics and Industrial Trust of A$65.0 million (approximately S$65.0 million). There will be a divestment fee of A$452,500 paid to manager.

The estimated divestment gain over the book value of the Property is approximately A$17.7 million (approximately S$17.7 million). Read More