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Analysts remain upbeat on Frasers Logistics and Industrial Trust amid steady growth

Uma Devi
Uma Devi11/7/2019 4:7 PM GMT+08  • 4 min read
Analysts remain upbeat on Frasers Logistics and Industrial Trust amid steady growth
Analysts are quick to point out that acquisitions are likely to remain a key determinant for FLT’s success.  In a Thursday report, DBS analyst Derek Tan believes that the REIT remains on the hunt for acquisitions to further diversify its asset and e
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SINGAPORE (Nov 7): Analysts continue to remain upbeat on Frasers Logistics and Industrial Trust (FLT) after a solid year which saw the REIT book increases across several financial metrics.

The REIT reported a distribution per unit (DPU) figure to 7.27 Australian cents for FY19 ended September, up 4.8% from 6.94 Australian cents in the previous year.

In particular, revenue for 4Q19 saw an increase of 1.9% to A$61.6 million ($57.7 million) from A$60.4 million in 4Q18, while net property income (NPI) for the quarter inched up 1.9% to A$50.2 million from A$49.3 million the preceding year.

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