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FLT declares 3.9% lower DPU of 1.73 cents for 3Q on currency movements

PC Lee
PC Lee7/26/2019 09:23 PM GMT+08  • 2 min read
FLT declares 3.9% lower DPU of 1.73 cents for 3Q on currency movements
SINGAPORE (July 26): The manager of Frasers Logistics & Industrial Trust (FLT) reported 3Q19 DPU of 1.82 Australian cents, 3.4% higher than 1.76 Australian cents in 3Q18.
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SINGAPORE (July 26): The manager of Frasers Logistics & Industrial Trust (FLT) reported 3Q19 DPU of 1.82 Australian cents, 3.4% higher than 1.76 Australian cents in 3Q18.

However, in Singapore dollar terms, 3Q19 DPU came in at 1.73 cents, a decrease of 3.9% from a year ago, due to the softening of the Aussie dollar and Euro against the Singdollar.

Frasers Logistics & Industrial Asset Management says 3Q19 revenue came in at A$60.0 million, 21.6% higher compared to A$49.3 million in 3Q18, while adjusted net property income rose 24.4% to A$48.9 million in 3Q19, from A$39.3 million for 3Q18.

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