Revenue for the quarter came in 91.9% y-o-y higher at $103.7 million. Adjusted net profit income (NPI) stood 77.0% higher y-o-y at $78.0 million.
For the quarter, the REIT’s portfolio occupancy rate stood at 97.2%, with a weighted average lease expiry (WALE) of 5.2 years.
FLCT on August 3 announced the acquisition of a freehold prime logistics property in Melbourne, Australia, and a 100% interest in a freehold business park in Thames Valley, UK for a total purchase consideration of $89.9 million.
See: FLCT buys two properties from sponsor Frasers Property for $89.9 million
On the same day, FLCT also announced the divestment of its remaining 50% stake in the cold storage facility in Australia for a sale consideration of A$152.5 million ($150.5 million). The sale amount represents a 12.2% premium to the book value of the property at A$135.9 million as at June 30.
Units in FLCT closed flat at $1.32 on August 3.
