Revenue fell by 11.7% y-o-y to $208.0 million while NPI, which excludes straight-lining adjustments for rental income and adding lease payments of right-of-use assets, fell by 13.4% y-o-y to $155.9 million.
Frasers Logistics & Commercial Trust (FLCT) (SGX:BUOU
) has reported a distribution per unit (DPU) of 3.52 cents for the 1HFY2023 ended March 31, 8.6% lower y-o-y.
The lower DPU came on the back of lower revenue and adjusted net property income (NPI) during the six-month period.
