Frasers Logistics and Commercial Trust 2HFY22 Financial Results
In 2HFY22, Gross revenue and Net Property Income (NPI) was lower due to the divestment of Cross Street Exchange and the weaker exchange rates.
Finance costs decreased due to the impact of interest reduction from the repayment of loans from the proceeds of the Cross Street Exchange divestment.
Distribution Per Unit (DPU) for 2HFY22 was disappointing at 3.77 Singapore cents which is 2.8% lower than 2HFY21.
| 2HFY22 (S$’000) | 2HFY21 (S$’000) | Change | |
| Gross Revenue | 214,517 | 237,627 | (9.7%) |
| Net Property Income | 162,053 | 181,271 | (10.6%) |
| Finance Cost | (19,303) | (22,271) | 13.3% |
| Amount Distributable To Unitholders | 139,645 | 139,649 | 0.0% |
| Distribution Per Unit (“DPU”) (cents) | 3.77 | 3.88 | (2.8%) |
