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Cache Logistics Trust's Q3 DPU slides, but net property income rises 17.5%

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CACHE Logistics Trust's (Cache) third quarter distribution per unit (DPU) shrank to 1.847 Singapore cents from 2.14 Singapore cents in the previous year, the group said in a Singapore Exchange filing on Friday evening.

CACHE Logistics Trust's (Cache) third quarter distribution per unit (DPU) shrank to 1.847 Singapore cents from 2.14 Singapore cents in the previous year, the group said in a Singapore Exchange filing on Friday evening.

For the three months ended Sept 30, gross revenue climbed 21.2 per cent to S$28 million from the previous year.

Net property income climbed 17.5 per cent to S$22.1 million from the previous year.

The increase was mainly due to rental contributions from the DHL Supply Chain Advanced Regional Centre (DSC ARC) and Australian properties, although this was offset by other factors, such as higher property-related expenses from its multi-talented leases.

Q3 distributable income dipped 1.3 per cent to S$16.6 million from the previous year.

Cache units closed at 88 Singapore cents on Friday.

sentifi.com

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