Frasers Logistics and Commercial Trust 2HFY22 Financial Results
By My Sweet Retirement  •  November 10, 2022
Today, Frasers Logistics and Commercial Trust has released their 2HFY22 Financial Results. The 2HFY22 and Full Year FY22 results are in a sea of red. What happen? Let us take a look in details on why Gross Revenue and Distribution Per Unit (DPU) has fallen.

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.
Gross Revenue214,517237,627(9.7%)
Net Property Income162,053181,271(10.6%)
Finance Cost
Amount Distributable To Unitholders139,645139,6490.0%
Distribution Per Unit (“DPU”) (cents)3.773.88(2.8%)

Frasers Logistics and Commercial Trust Full Year FY22 Financial Results

Similar to the above reasons for 2HFY22, Gross...
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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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