Frasers Logistics & Commercial Trust's (SGX:BUOU) distribution per unit or DPU fell 11% during the fiscal second half ended Sept. 30 to SG$0.0295 from SG$0.0332 a year earlier, according to a Friday filing with the Singapore Exchange.

Distributable income fell 11% to SG$111.7 million from SG$124.9 million.

Adjusted net property income was up 2.2% to SG$164.9 million from SG$161.3 million a year earlier.

Revenue meanwhile, rose 3.7% year over year to SG$239.2 million from SG$230.6 million.

The trust improved its overall portfolio occupancy to 95.1%, backed by a higher WALE of 4.8 years and positive rental reversions of 5%.