FLT's DPU may be up or down, depending on choice of currency payout

Singapore

FRASERS Logistics and Industrial Trust's (FLT) distribution per unit (DPU) rose 2.2 per cent to 1.82 Australian cents for its fourth quarter ended Sept 30, from 1.78 Australian cents in the same period last year.

However, in Singapore-dollar terms, DPU fell by 2.8 per cent to 1.73 Singapore cents, from 1.78 cents previously, the real estate investment trust (Reit) said on Wednesday.

Unitholders of FLT can choose to be paid in either currency.

Revenue was up 1.9 per cent at A$61.6 million (S$57.7 million) for the quarter from A$60.4 million a year ago, while adjusted net property income (NPI) grew 1.9 …