DBS, OCBC maintains ‘Buy’ on Frasers industrial REIT despite DPU dip

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DBS Equity Research and OCBC Investment Research has maintained their respective ‘Buy’ ratings on Australia-focused industrial REIT, Frasers Logistics & Industrial Trust (FLT).

This is despite negative rental reversions reported for the quarter, and dip in the REIT’s most recent distribution per unit (DPU).

FLT reported a DPU of 1.78 Singapore cents for its 1Q 2019, a year-on-year fall of 1.1% from the 1.80 cents recorded in 1Q 2018.

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