Frasers Logistics & Commercial Trust H1 DPU Up 9.5%
May 6, 2021 – Frasers Logistics & Commercial Trust reported a distribution per unit (DPU) of 3.8 Singapore cents in the six months leading to end-March 2021.
The DPU is 9.5% higher than the 3.47 Singapore cents in the same period last year.
Mr. Robert Wallace, Chief Executive Officer of the REIT Manager, said, “I am delighted that FLCT is in a position to report a record 1HFY21 DPU of 3.80 Singapore cents, and a healthy portfolio occupancy rate of 96.8%. FLCT’s performance in the year-to-date demonstrates the strength and resiliency of our prime logistics and commercial portfolio, further reinforced by our proactive asset, capital and investment management approach.”
“We also achieved two milestones in April 2021, firstly with FLCT being included as a constituent stock of the benchmark Straits Times Index and secondly, the assignment to FLCT of an inaugural ‘BBB+’ credit rating with a ‘Stable’ outlook by global rating agency S&P Global. Both achievements are expected to elevate FLCT’s profile and will assist it to generate sustainable long-term growth for unitholders.”
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