Mapletree Logistics Trust Q4 DPU up 4%

Singapore

MAPLETREE Logistics Trust's (MLT) fourth-quarter distribution per unit (DPU) rose 4 per cent to 1.937 Singapore cents amid a strong performance driven by organic growth, contributions from a newly-completed redevelopment in Singapore, as well as acquisitions.

The distribution will be paid on June 6.

The trust manager also announced plans to acquire a 50 per cent stake in each of 11 logistics properties in China for about 985.3 million yuan (S$206 million).

The remaining 50 per cent interest in the properties will be held by subsidiaries of the spons…