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Frasers Logistics Trust reports 1.1% lower 1Q DPU of 1.78 cents on enlarged unit base and lower hedged exchange rate

PC Lee
PC Lee1/24/2019 08:00 PM GMT+08  • 2 min read
Frasers Logistics Trust reports 1.1% lower 1Q DPU of 1.78 cents on enlarged unit base and lower hedged exchange rate
SINGAPORE (Jan 24): The manager of Frasers Logistics & Industrial Trust (FLT), with a portfolio comprising 83 logistics and industrial properties, worth nearly $3 billion, reported DPU of 1.78 cents for the 1Q19 ended Dec, down 1.1% from 1.80 cents a year
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SINGAPORE (Jan 24): The manager of Frasers Logistics & Industrial Trust (FLT), with a portfolio comprising 83 logistics and industrial properties, worth nearly $3 billion, reported DPU of 1.78 cents for the 1Q19 ended Dec, down 1.1% from 1.80 cents a year ago.

The decline came on the back of an enlarged unit base and a lower weighted average hedged currency exchange rate for 1Q19 of A$1:$0.9820 versus A$1:$1.0583 in 1Q18.

In 1Q19, FLT reported revenue of A$59.5 million ($57.9 million), representing an increase of 40.3% from 1Q18, while adjusted net property income rose 46.5% to A$48.9.5 million.

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