Shares & Derivatives
Frasers Logistics and Commercial Trust (SGX: BUOU): 2024 Half Year Result
By ViresInSolitudine  •  May 18, 2024

On 7 May 2024, Frasers Logistics & Commercial Trust (“FLCT”) have announced their first half year result for FY2024. DPU has decreased due to higher finance costs, offset by the increase in adjusted net property income and higher capital distribution. The commercial properties are currently dragging down the overall occupancy of the portfolio, which may become an issue if it starts to negatively affect DPU. Overall there are indicators that DPU may continue to decrease, and investors will need to assess their risk appetite.

Website: Financial Statements And Related Announcement::Half Yearly Results

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FLCT is a real estate investment trust (“REIT”) with a portfolio comprising logistic, industrial, and commercial properties diversified across five developed countries – Australia, Germany, Singapore, the United Kingdom (“UK”) and the Netherlands.

FLCT was listed on the Mainboard of Singapore Exchange Securities Trading Limited (“SGX-ST”) on 20 June 2016 as Frasers Logistics

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By ViresInSolitudine
I am an ex-auditor. I tend to adopt a more skeptical view and downplay what Companies like to project themselves as.

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