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FINWIRES

Frasers Logistics & Commercial Trust's DPU Down 1.7% in Fiscal H1

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-- Frasers Logistics & Commercial Trust's (SGX:BUOU) distribution per unit or DPU fell 1.7% during the fiscal first half ended March 31 to SG$0.0295 from SG$0.03 a year earlier, according to a Tuesday filing with the Singapore Exchange.

Distributable income fell by 1% to SG$111.9 million from SG$113.0 million.

Adjusted net property income rose 3.6% to SG$167 million from SG$161.3 million in the year-ago period.

Revenue was up 2.8% year over year to SG$238.9 million from SG$232.3 million.

Overall portfolio occupancy stood at 96.1%, backed a weighted average lease expiry of 4.9 years.

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