MLT's Q1 DPU rises 5.7% amid higher gross revenue
Add BT as a preferred sourceSingapore
THE distribution per unit (DPU) of Mapletree Logistics Trust (MLT) for the first quarter ended June 30 grew 5.7 per cent to 2.161 Singapore cents amid higher gross revenue during the period.
In an exchange filing on Monday, the manager said gross revenue for the first quarter climbed 23.7 per cent year on year to S$163.7 million, driven by higher revenue from existing properties, contributions from accretive acquisitions completed during the previous financial year, and the completed redevelopment of Mapletree Ouluo Logistics Park Phase 2.
TRENDING NOW
Indonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
Xi Jinping has just rewritten the rules of US-China rivalry
China traders rush for exit after cross-border flow crackdown
