This felt through rental waivers and allowance for doubtful receivables, mainly from its retail segment which accounts for 1.6% of its portfolio.
Frasers Logistics & Commercial Trust (FLCT), maintains that the pandemic thus far has “no material impact” on its portfolio.
In a business update, FLCT estimates that the economic fallout of Covid-19 has impacted some $1.1 million of its distributable income for 9MFY21.
