Home Capital Results

Frasers Logistics and Industrial Trust reports 2.9% rise in 3Q DPU to 1.80 cents

PC Lee
PC Lee8/1/2018 10:42 PM GMT+08  • 2 min read
Frasers Logistics and Industrial Trust reports 2.9% rise in 3Q DPU to 1.80 cents
SINGAPORE (Aug 1): The manager of Frasers Logistics & Industrial Trust (FLT) reported a 2.9% year-on-year growth in distribution per unit (DPU) to 1.80 cents for the 3Q18 ended June from a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 1): The manager of Frasers Logistics & Industrial Trust (FLT) reported a 2.9% year-on-year growth in distribution per unit (DPU) to 1.80 cents for the 3Q18 ended June from a year ago.

Frasers Logistics & Industrial Asset Management said gross revenue and adjusted net property income grew by 22.6% and 27.4% respectively during 3Q18 to A$49.3 million ($49.7 million) and A$39.3 million, compared to gross revenue and adjusted net property income of A$40.2 million and A$30.8 million in 3Q17.

The uplift was backed by additional contributions from the four completed properties in Australia which were acquired in 2017 as well as maiden contributions from the 17 industrial properties in Germany and four in the Netherlands which were acquired this year.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now