Frasers Logistics & Commercial Trust (FLCT), maintains that the pandemic thus far has “no material impact” on its portfolio.

In a business update, FLCT estimates that the economic fallout of Covid-19 has impacted some $1.1 million of its distributable income for 9MFY21.

This felt through rental waivers and allowance for doubtful receivables, mainly from its retail segment which accounts for 1.6% of its portfolio.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook