SINGAPORE (Apr 30): The manager of newly-merged enlarged REIT Frasers Logistics Commercial Trust (FLCT), which was formerly Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT), has reported a distribution per unit (DPU) of 1.73 cents for 2QFY2020 ended March. This is a 1.7% dip y-o-y compared to last year’s 1.76 cents.

This brings the REIT's half year DPU to 3.47 cents, some 2% lower than DPU of 3.54 cents a year ago. 

Distributable income for the quarter came in at A$43.1 million, up 16.7% from A$36.9 million a year ago. 

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