PHOTO: FLCT[SINGAPORE] The manager of Frasers Logistics & Commercial Trust (FLCT) recorded positive rental reversions of 8.2 per cent on an incoming versus outgoing basis, in the third quarter ended Jun 30. On an average versus average basis, the trust booked positive rental reversions of 17.9 per cent, said it said in a business update on Thursday (Jul 30). The overall positive reversions were driven mainly by its logistics and industrial (L&I) segment, which logged an 11.9 per cent increase on an incoming versus outgoing basis, and 23.8 per cent on an average basis. Meanwhile, the commercial segment saw negative rental reversions of 0.3 per cent on an incoming versus outgoing basis, but positive 4.5 per cent on an average basis. FLCT’s acquisition of four freehold logistics properties – comprising two in Germany and another two in the Netherlands – for S$441.5 million is expected to increase its distribution per unit.