Singapore

MAPLETREE Logistics Trust (MLT) has declared a distribution per unit (DPU) of 2.048 Singapore cents for the fourth quarter ended March 31, up 1.2 per cent from 2.024 Singapore cents in the year-ago period.

The real estate investment trust (Reit) posted higher distributable income of S$77.8 million, up 6.2 per cent from S$73.3 million, in a results release on Thursday night. Net property income rose 9.3 per cent to S$114.7 million while gross revenue rose 5.5 per cent to S$128.1 million.