Frasers Logistics & Commercial Trust's property at 1 Burilda Close, Sydney, Australia. (Photo: Frasers Logistics & Commercial Trust)

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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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.