You are here

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

Friday, May 5, 2017 - 08:09

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

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.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom