Frasers Logistics & Industrial Trust posts above-forecast Q1 DPU of 1.74 cents

Singapore

THE manager of newly listed Frasers Logistics & Industrial Trust announced an above-forecast distribution per unit (DPU) of 1.74 Singapore cents for the first quarter ended Dec 31, 2016, as interest rates fell below forecast.

This is above a forecast of 1.64 cents, said the manager in a release on Friday night in its financial results for the second reporting period. The trust was listed on the mainboard of Singapore Exchange in June last year.