Cache Logistics Trust Q1 DPU up 0.3%; revenue rises 1.6%
Reit to continue to focus on maximising occupancy, seek acquisitions in S'pore, Asia-Pac
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Singapore
CACHE Logistics Trust on Wednesday reported a 0.3 per cent increase in distribution per unit (DPU) to 2.146 Singapore cents for its first quarter ended March 31, 2015. Gross revenue rose 1.6 per cent to S$21 million, while net property income rose 0.6 per cent to S$19.7 million.
"The increase in net property income is mainly due to build-in rental escalation within the portfolio's lease and contribution of gross revenue from the Australian properties," the industrial Reit said.
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