Frasers Logistics & Industrial Trust’s Distribution Per Unit Up 4.8%

Frasers Logistics & Industrial Asset Management Pte. Ltd., the manager of Frasers Logistics & Industrial Trust (“FLT” and the manager of FLT, the “REIT Manager”), today announced FLT’s results for the quarter ended 30 September 2019 (“4QFY19”) and financial year ended 30 September 2019 (“FY2019”).

FLT reported higher revenue and adjusted net property income of A$61.6 million and A$50.2 million respectively, representing for both an increase of 1.9% from A$60.4 million and A$49.3 million in the corresponding financial quarter (“4QFY18”). The increase was backed by contributions from its acquisitions in Europe and Australia and were partially offset by divestment activities in Australia3. Distributable income was accordingly higher at A$39.3 million for 4QFY19, representing an increase of 9.3% from A$36.0 million a year ago.

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