Mapletree Logistics Trust's Q3 DPU up despite enlarged unit base
It had raised about S$250m through a private placement to partly fund the purchase of 7 properties
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Singapore
MAPLETREE Logistics Trust (MLT) recorded a distribution per unit (DPU) of 2.044 Singapore cents on an enlarged unit base for the third quarter ended Dec 31, up from a DPU of 2.002 cents a year ago.
Chief executive officer of the trust manager, Ng Kiat, noted that an equity raising exercise in the third quarter had a temporary drag on DPU as the full contribution from the newly acquired seven properties will only kick in from the fourth quarter.
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