However, these were partially offset by the divestment of 357 Collins Street last September, higher vacancies in Alexandra TechnoPark (ATP) and Farnborough Business Park (FBP), and higher non-recoverable land taxes for Victoria and Queensland, Australia.
Frasers Logistics & Commercial Trust (FLCT) (SGX:BUOU
) has reported a distribution per unit (DPU) of 2.95 cents for 1HFY2026 ended March 31, down 1.7% y-o-y.
Revenue and adjusted net property income (NPI) increased by 2.8% and 3.6% y-o-y to $238.9 million and $167.0 million. The increases were attributed to positive rental reversion and annual increment from rent review for both Australia and European Union logistics & industrial segments and full contribution from 2 Tuas South Link 1.
