FLT's Q2 DPU slightly above projection at 1.75 Singapore cents (Amended)

INDUSTRIAL landlord Frasers Logistics & Industrial Trust (FLT) on Friday posted a second-quarter distribution per unit (DPU) of 1.75 Singapore cents, above a projected 1.64 Aussie cents.

That came as Q2 distributable income was 5.9 per cent above forecast at A$25.1 million (S$26 million), the group said in a Singapore Exchange filing.

Gross revenue for the three months ended March 31, 2017, was 1.6 per cent more than projected at A$40.9 million. Net property income was 2.4 per cent higher than forecast at A$34.5 million.

FLT was listed in June 2016.

Amendment note: An earlier version of this article incorrectly stated figures for FLT's Q1 earnings. It is in fact the trust's Q2 earnings. The article above has been revised to reflect this.