Frasers Logistics and Commercial Trust has announced their FY20 full year results on 6th November 2020. This post came late as I was too busy with work and only realize Frasers Logistics and Commercial Trust had announce their full year results last month. Since Frasers Logistics and Commercial Trust makes up a major position in my stock portfolio, I am very interested to see how it has performed in FY20, the year of COVID-19 pandemic.
Gross revenue increased 53.0% to A$332.0 million and Distributable Income increased 48.8% to A$201.1 million. A full year DPU of 7.12 Singapore cents was paid in FY20 which was an increase of 1.7% as compared to FY19. Solid performance despite the COVID-19 pandemic!