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Frasers Logistics posts 2Q DPU of 1.75 cents, 3.4% higher than a year ago

PC Lee
PC Lee5/7/2018 08:36 PM GMT+08  • 2 min read
Frasers Logistics posts 2Q DPU of 1.75 cents, 3.4% higher than a year ago
SINGAPORE (May 7): The manager of Frasers Logistics & Industrial Trust (FLT) reported a distribution per unit (DPU) of 1.81 cents for the 2Q ended March, 3.4% higher than the DPU of 1.75 cents reported a year ago, lifted by the higher distributable income
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SINGAPORE (May 7): The manager of Frasers Logistics & Industrial Trust (FLT) reported a distribution per unit (DPU) of 1.81 cents for the 2Q ended March, 3.4% higher than the DPU of 1.75 cents reported a year ago, lifted by the higher distributable income and a higher hedged exchange rate.

As FLT makes distributions to unitholders on a semi-annual basis, FLT's distribution for the six months ended March comes in at 3.61 cents. This is 3.4% higher than the DPU of 3.49 cents declared in 1H17.

Frasers Logistics & Industrial Asset Management says gross revenue and adjusted net property income grew by 6.4% and 8.1% respectively during 2Q18 to A$43.6 million ($43.7 million) and A$33.4 million, compared to gross revenue and adjusted net property income of A$40.9 million and A$30.9 million for the previous corresponding quarter (2Q17).

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