{
  "id": 18411316,
  "title": "FLCT H2 DPU flat at S$0.0295 despite higher revenue, property income",
  "url": "https://urgent.news/2026/11/06/flct-h2-dpu-flat-at-s-0-0295-despite-higher-revenue-property-income",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T00:27:50.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/flct-h2-dpu-flat-s0-0295-despite-higher-revenue-property-income"
  },
  "original_language": "en",
  "account": "Frasers Logistics & Commercial Trust (FLCT) reported a flat distribution per unit (DPU) of S$0.0295 for the second half of the fiscal year ended September 2025, despite a rise in revenue and net property income. The DPU will be paid on December 23, after the record date of November 19. Distributable income, excluding capital distributions from divestment gains, increased 0.8% to S$112.5 million for the half, from S$111.7 million a year earlier. Revenue rose 6.7% to S$255.2 million, while adjusted net property income grew 8.8% to S$187.6 million. Higher annual increments from the logistics and industrial portfolio, stronger exchange rates, and increased occupancy at Alexandra Technopark contributed to the improved performance. Finance costs, however, rose 8.2% to S$47.1 million due to higher interest rates on refinanced borrowings and additional debt for acquisitions. The manager anticipates borrowing costs to rise in FY2027 and asset valuations to face pressure as bond yields remain elevated.",
  "summary": "Manager expects borrowing costs to rise in FY2027, asset valuations to face pressure as bond yields remain elevated",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}