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Frasers Logistics and Industrial Trust 3QFY19 DPU Is 1.82 Australian Cents
By My Sweet Retirement  •  August 2, 2019

On 26th July 2019, Frasers Logistics and Industrial Trust announced their 3QFY19 financial results. The manager has declared a Distribution Per Unit (“DPU”) of 1.73 Singapore cents. This was a 3.9% decrease as compared to 1.80 Singapore cents in 3QFY18. If we looked at the Distribution Per Unit (“DPU”) in Australian cents, the Distribution Per Unit (“DPU”) was 1.82 cents as compared to 1.76 cents in 3QFY18 which was 3.4% higher.

The DPU is still suffering due to the softening of AUD and EUR against the SGD. The exchange rate was A$1.00: S$0.9504 (3QFY18: A$1.00:S$1.0214). Occupancy

Frasers Logistics and Industrial Trust’s portfolio remained at near full occupancy of 99.5%, with a weighted average lease expiry (“WALE”) by gross rental income (“GRI”) of 6.27 years. I liked the annual average rent increment baked into its Australia assets.

As of 30 June 2019 Australia Europe Total Number of properties 59 22 81...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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