However, the gain was offset by higher financing costs. Additional taxes in Australia further crimped distributable income to $255.5 million for FY2024, down 2.6% from FY2023.
Frasers Logistics & Commercial Trust has reported 2HFY2024 ended Sept distribution per unit of 3.32 cents, down 5.7% y-o-y. This brings full-year DPU to 6.8 cents, down 3.4% over the preceding FY2023. The 2HFY2024 distribution will be paid on Dec 17.
FLCT increased its full-year revenue by 6.2% y-o-y to $446.7 million led by contributions from recently acquired assets in UK and Germany.
