Mapletree Logistics Trust's Q4 DPU dips on higher borrowings

Singapore

MAPLETREE Logistics Trust on Monday reported a 2.1 per cent drop in distribution per unit (DPU) to 1.85 Singapore cents for its fourth quarter ended March 31, 2015. It had paid 1.89 Singapore cents a year ago.

The lower DPU was partly due to higher borrowing costs on the back of incremental borrowings to fund acquisitions and capital expenditure, the t…