Frasers L&C Tr - Reports 1HFY26 DPU of 2.95 cents. Marginally decreased 1.7 percent versus 3 cents last year. Positive rental reversion of 8.8 percent, Gearing 33.7 percent, ICR more than 4x

 Frasers Logistics & Commercial Trust Reports 1HFY26 DPU of 2.95

Singapore Cents

Key Highlights

 Average portfolio rental reversions of +8.8% (incoming rent vs. outgoing rent basis) and +22.0% 

(average rent vs. average rent basis) achieved for the period from January to March 2026

 Overall portfolio occupancy of 96.1% with a WALE of 4.9 years

 Healthy aggregate leverage of 33.7% as at 31 March 2026, with interest coverage ratio of 4.4 times.

I think results is showing some improvement,  hopefully,  it will get better!

XD 14th May 2026.

FLCT reported revenue of S$238.9 million and Adjusted Net Property Income of S$167.0 million for 1HFY26, 

representing increases of 2.8% and 3.6% respectively, from S$232.3 million and S$161.3 million in the first 

half of FY2025 (“1HFY25”). The year-on-year increases were mainly due to positive rental reversions and 

annual increment from rent review from AU L&I and EU L&I segments, full contribution from 2 Tuas South Link 

1 as acquisition was completed in November 2024, effects of higher average exchange rate (of AUD, EUR 

and GBP against the SGD) in 1HFY26 relative to 1HFY25. The increase was partially offset by the divestment

of 357 Collins Street in September 2025, higher vacancies in ATP and FBP, and higher non-recoverable land 

taxes for Victoria and Queensland, Australia. 75.0% of 1HFY26 management fees were taken in units

(1HFY25: 43.1%). 

The distribution per unit (“DPU”) for 1HFY26 was 2.95 Singapore cents, representing an annualised distribution 

yield of 6.6%2. The 1HFY26 DPU will be paid on 22 June 20263.