Frasers Logistic and Industrial Trust (FLT) announced its maiden financial results after its listing this year. The REIT also declared a dividend per unit (DPU) of $0.0184 versus the IPO forecast of $0.0179.
The results were inline, but in this article I want to see whether I can pick out anything that FLT does differently from the local REITs.
I have to bear in mind that this is a very incomplete quarter, with many one time costs and adjustments and also less than a quarter contribution.
For the readers new to this, I have written 2 articles in the past on this. It might be worth your time to read those first: