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:
- Frasers Logistics and Industrial Trust (FLT) IPO Provides Investors a Visible 7% Dividend Yield + 2.8% Annual Rental Growth
- Taking a look at Frasers Logistics and Industrial Trust (FLT) Cap Rate versus that of Ascendas …