Singapore

CACHE Logistics Trust reported a slight increase of 0.4 per cent for its first-quarter distribution per unit (DPU) to 1.513 Singapore cents from 1.507 cents a year ago, its manager said on Thursday morning before the market opened.

Gross revenue for the three months ended March 31 grew 6.2 per cent to S$30.8 million, mainly due to higher contributions from the nine-property Australia portfolio acquired in February 2018, as well as the conversion of CWT Commodity Hub from a master lease to a multi-tenancy lease structure.