COVID-19 has ‘no material impact' on portfolio to-date: FLCT

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Near- to mid-term impact on retail components of the Singapore portfolio is expected. The manager of Frasers Logistics & Commercial Trust (FLCT) said in a bourse filing that the COVID-19 pandemic had no material impact on its portfolio. It added that the pandemic’s impact on the trust’s distributable income for Q1 FY2021 was approximately $0.7m, mainly including granted rental waivers and COVID-related provisions, which have not been material for the real estate investment trust (REIT). read more