FLCT's 5.5% rise in H2 DPU due to more than 'merger effect'
Results also indicate resilience of its industrial and commercial portfolio against Covid-19
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FRASERS Logistics & Commercial Trust's (FLCT) 5.5 per cent increase in its second-half distribution per unit (DPU) to 3.65 Singapore cents shows that its improved financial performance is not just a "merger effect" from its marriage with Frasers Commercial Trust, completed in April this year.
Rather, the numbers also indicate the resilience of FLCT's industrial and commercial portfolio in Australia and Europe against the Covid-19 backdrop.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
