Frasers Logistics & Industrial Trust's Q3 DPU at 1.75 cents, beating forecasts
FRASERS Logistics & Industrial Trust (FLT) on Friday posted a set of financial results that exceeded its forecasts at its initial public offering (IPO).
For the quarter ended June 30, 2017, its distribution per unit (DPU) was 1.75 Singapore cent, beating the forecast of 1.64 Singapore cent in its listing prospectus, the group said in a Singapore Exchange filing on Friday evening.
That came as income available for distribution beat forecasts by 5.8 per cent to A$25 million.
For the three months, gross revenue missed forecasts by 0.2 per cent at A$40.2 million, while net property income was 0.1 per cent higher than forecast at A$33.8 million.
FLT units finished S$0.015 or 1.4 per cent higher at S$1.11 on Friday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly