MLT's 1Q DPU up 3.7%; revenue rises 10.1%

Singapore

MAPLETREE Logistics Trust's (MLT) distribution per unit (DPU) for the first quarter ended June 30 increased 3.7 per cent to 1.957 Singapore cents, with a better performance and new acquisitions in Hong Kong giving the topline a boost.

Revenue for Q1 FY18/19 grew 10.1 per cent year-on-year to S$105.44 million, while net property income saw an 11.1 per cent rise in tandem to S$89.8 million.