Cache Logistics Trust's distributable income up 2.5% in Q4 to S$17.1m

Singqapore

CACHE Logistics Trust, which owns logistics warehouse properties in Singapore, China and Australia, on Thursday reported a 2.5 per cent year-on-year increase in its distributable income to S$17.1 million for the fourth-quarter ended Dec 31, 2017.

Its distribution per unit (DPU) was 1.597 Singapore cents for the quarter, compared to 1.770 cents the year before, based on an enlarged units base following a rights issue in October 2017. Excluding the effects of the rights issue, its DPU would have been 1.829 Singapore cents for Q4 FY17, compared to 1.850 Singapore cents in Q4 FY16.