MLT's Q3 DPU unchanged at 1.87 cents
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Singapore
MAPLETREE Logistics Trust (MLT) reported distribution per unit of 1.87 cents for the third quarter ended Dec 31, 2015, unchanged from a year ago, buoyed by divestment gains from the sale of two low-yielding industrial properties in Singapore.
Excluding the partial distribution of the divestment gains of S$1.5 million during the quarter, its DPU would have been lower at 1.81 cents, amid higher borrowing costs and property expenses.
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