Cache Logistics Trust's Q1 DPU up 0.3% to 2.146 cents

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, offset by vacancies and higher property maintenance expenses and lease commissions," the industrial Reit said.

Cache will pay its distribution of 2.146 cents per unit on May 27, 2015. The books closure date is April 30, 2015.

Its counter added one cent to finish at S$1.20 on Wednesday.