Frasers Logistics & Industrial Trust (FLT) on Thursday reported an 8.6 percent rise in fourth-quarter distribution per share (DPU), helped in part by the contributions from completed properties and coupon interest income from the three development properties.
The first Singapore-listed real estate investment trust said DPU rose to 1.77 Singapore cents in the quarter ended September 30 compared to company's forecast of 1.63 Singapore cents.
No comparative figures were provided as the company was listed on SGX-ST on June 20, 2016.
Adjusted net property income grew 4.7 percent to S$32.3 million in the quarter.
Revenue advanced 4.8 percent to S$42.2 million, the company said in a regulatory filing.
Portfolio occupancy improved to 99.4 percent as at 30 September 2017.
FLT had already paid an advanced distribution of 0.09 Singapore cent per unit in September for the period from July 1 to 5, 2017. The remaining payout of 1.68 Singapore cent per unit for the quarter will be paid on Dec 19, 2017.
Frasers Logistics & Industrial Trust's total portfolio is valued at A$1.91 billion as at 30 September 2017.
Shares in FLT rose 0.9 percent to S$1.12 on the Singapore Exchange. The stock has gained 21 percent so far this year.