FLT's net property income jumped 8.9% to $35.15m in Q1

It completed its Beaulieu and Stanley Black & Decker facilities in late 2017.

Frasers Logistics and Industrial Trust (FLT) is on a roll as its net property income rose 8.9% YoY to $35.15m (A$33.39m) in Q1.

According to its financial statement, four of the seven Australian industrial properties it acquired and the Beaulieu and Stanley Black & Decker facilities, which had achieved practical completion on October and November 2017 respectively, contributed adjusted NPI of $2m (A$1.9m).

Q1 also recorded the full quarter's contribution from the Martin Brower call option property which was acquired on 30 November 2016.

Finance costs jumped from $0.74m (A$0.7m) to $5.05m (A$4.8m) after it had to borrow $78.96m (A$75m) for the acquisition of the Australian industrial properties.

Revenue also went up by 6.9% YoY to $44.67m (A$42.43m).

Distributable income gained 3.9% to $27.21m (A$25.85m), whilst distribution per unit (DPU) went up by 3.4% from 1.74 cents to 1.8 cents.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia