On 2nd November 2023, Frasers Logistics and Commercial Trust announced their 2HFY23 financial results. The Distribution Per Unit (DPU) declared for 2HFY23 was 3.52 cents, making the full year DPU for FY23 to be 7.04 cents. Frasers Logistics and Commercial Trust makes up 9.84% of my stock portfolio. The FY23 full year DPU was lower than FY22. As a dividend investor, I am deeply concern. What attributed to the decrease? Let us look into the details of Frasers Logistics and Commercial Trust’s financial results to find out more. Frasers Logistics and Commercial Trust 2HFY23 Financial Results In 2HFY23, revenue was lower mainly due to the weaker AUD/SGD exchange rates and lower average occupancies at Maxis Business Park and 357 Collins Street. Finance cost was 29.7% higher because of increase in interest rates and additional borrowings drawn for capex and fund through developments. As a result, Distributable income for 2HFY23 was correspondingly lower at S$131.6 million, from S$139.6 million in 2HFY22.    ...