Loading…
Singapore-listed REIT owning logistics and commercial properties in Australia, Germany, the UK and the Netherlands.
Singapore-listed REIT owning logistics and commercial properties in Australia, Germany, the UK and the Netherlands.
Collects rent from tenants under leases that run several years, with rent reviews built in, and pays out most of its distributable income to unit holders as Singapore REITs must. Frasers Property, the sponsor and largest unitholder, supplies much of the portfolio. It formed in 2020 through the merger of a logistics trust and a commercial-property trust.
In one line: A Singapore-listed logistics and commercial property REIT with European and Australian ass.
Moat: narrow (installed base, scale). Diversified logistics/commercial portfolio across developed markets with long tenant leases.
Headquarters: Singapore · Founded: 2016 · Employees: 35
Size Frasers Logistics & Commercial Trust (BUOU.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $2.76B, the 39th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.93 on 6 Nov 2026.
Performance Over six months the shares fell 6.1%, against -3.4% for the median peer and -1.2% for the Singapore market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 0.4% over the last twelve months (peer median +6.0%); the operating margin is 64.5% (peer median 42.3%).
Valuation It trades at 18.1× forward earnings against a peer median of 19.5× (10th cheapest of 21).
Next results Next results expected around 5 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$484M | S$473M | S$449M | S$422M | S$451M |
| Revenue growth | — | +5% | +6% | -6% | — |
| Gross profit | S$312M | S$296M | S$280M | S$271M | S$301M |
| EBITDA | S$312M | S$294M | S$280M | S$271M | S$302M |
| Net income | S$213M | S$205M | S$148M | -S$103M | S$729M |
| Free cash flow | S$231M | S$223M | S$251M | S$259M | S$269M |
| Capital expenditure | S$0 | S$0 | S$0 | S$0 | S$0 |
| Total debt | n/a | S$2.64B | S$2.41B | S$2.16B | S$2.10B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Frasers Logistics & Commercial Trust BUOU.SI | $2.76B | -6% | 0% | 64% | 18.1× | n/a |
| Mapletree Logistics Trust M44U.SI | $4.47B | -6% | -1% | 57% | 18.8× | n/a |
| Goodman GMG.AX | $39.6B | -11% | +17% | 52% | 19.4× | n/a |
| SEGRO SGRO.L | $16.6B | +33% | +7% | 69% | 23.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BUOU.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.7% | +5.1% | 11th highest of 21 |
| 6-month return | -6.1% | -3.4% | 9th lowest of 21 |
| Distance from 52-week high | -11.9% | -14.0% | 8th highest of 21 |
| Revenue growth (TTM) | +0.4% | +6.0% | 6th lowest of 21 |
| Operating margin | 64.5% | 42.3% | 5th highest of 21 |
| Forward P/E | 18.1× | 19.5× | 10th cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Frasers Logistics & Commercial Trust BUOU.SI | Singapore | $2.76B | -6% | 0% | 64% | 18.1× | n/a | n/a |
| Dynex Capital DX | United States | $2.77B | -20% | +142% | 65% | 6.6× | n/a | n/a |
| Acadia Realty Trust AKR | United States | $2.74B | -9% | 0% | 19% | 65.9× | n/a | n/a |
| Hammerson HMSO.L | United Kingdom | $2.80B | +13% | +92% | 49% | 15.2× | n/a | n/a |
| Derwent London DLN.L | United Kingdom | $2.87B | +15% | +45% | 40% | 20.0× | n/a | n/a |
| DiamondRock Hospitality DRH | United States | $2.88B | +30% | +2% | 17% | 21.5× | n/a | n/a |
| Invincible Investment 8963.T | Japan | $2.94B | -1% | +10% | 57% | 15.3× | n/a | n/a |
| Dream Industrial Real Estate Investment Trust DIR-UN.TO | Canada | $2.58B | -8% | +6% | 70% | 15.0× | n/a | n/a |
| Urban Edge Properties UE | United States | $2.58B | -6% | +6% | 31% | 41.4× | n/a | n/a |
| Four Corners Property Trust FCPT | United States | $2.57B | -7% | +10% | 56% | 21.4× | n/a | n/a |
| CapitaLand Ascott Trust HMN.SI | Singapore | $2.55B | -6% | +5% | 34% | 18.9× | n/a | n/a |
| LTC Properties LTC | United States | $2.52B | +14% | +69% | 31% | 22.6× | n/a | n/a |
| United Urban Investment 8960.T | Japan | $3.04B | -15% | -2% | 36% | 16.7× | n/a | n/a |
| Big Yellow BYG.L | United Kingdom | $2.50B | +11% | +2% | 62% | 16.5× | n/a | n/a |
| ORIX JREIT 8954.T | Japan | $3.06B | -12% | +35% | 51% | 18.1× | n/a | n/a |
| InvenTrust Properties IVT | United States | $2.46B | +1% | +13% | 16% | 393.9× | n/a | n/a |
| CT Real Estate Investment Trust CRT-UN.TO | Canada | $3.11B | +3% | +5% | 75% | 12.0× | n/a | n/a |
| Japan Hotel Reit Investment 8985.T | Japan | $3.14B | +7% | +15% | 67% | 9.4× | n/a | n/a |
| Daiwa House REIT Investment 8984.T | Japan | $3.15B | -13% | -9% | 40% | 20.5× | n/a | n/a |
| Advance Residence Investment 3269.T | Japan | $2.42B | -18% | -4% | 45% | 22.7× | n/a | n/a |
| Park Hotels & Resorts PK | United States | $3.17B | +39% | -1% | 12% | 29.1× | n/a | n/a |