MLT's Q1 DPU rises 5.7% amid higher gross revenue

Singapore

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.