On 6th May 2022, Frasers Logistics and Commercial Trust announced their 1HFY22 financial results. The Trust currently makes up 12.12% of
my stock portfolio.
Revenue increased 1.7% to S$235.7 million while Net Property Income (NPI) increased 3.6% to reach S$180.1 million. Distribution Per Unit (DPU) increased 1.3% to 3.85 cents.
As at 31 March 2022, the FLCT portfolio comprises 94 logistics and industrial properties and 7 commercial properties, with a total value of approximately S$6.7 billion as at 31 March 2022.
Net Asset Value increased 6.5% from S$1.24 as at 30 September 2021 to S$1.32 as at 31st March 2022.
As a dividend investor, I am certainly excited to hear that Frasers Logistics and Commercial Trust is able to grow their Net Asset Value and achieve higher DPU year-on-year.
Frasers Logistics and Commercial Trust 1HFY22 Financial Results
|
1HFY22
(S$’000) |
1HFY21
(S$’000) |
Change |
| Gross Revenue |
235,670 |
231,701 |
1.7% |
| Net Property Income |
180,085 |
173,890 |
3.6% |
| Distributable Income |
142,108 |
130,426 |
9.0% |
| Distribution Per Unit (“DPU”) (Singapore cents) |
3.85 |
3.80 |
1.3% |
...
