MLT's Q2 DPU up 3.4% on contributions from new, existing assets

Singapore

STABLE performance across all its markets coupled with new portfolio assets boosted Mapletree Logistics Trust's (MLT) second-quarter distribution per unit (DPU) to 2.025 Singapore cents, up 3.4 per cent from 1.958 cents a year earlier.

Gross revenue for the three months ended Sept 30 rose 14.2 per cent to S$121.8 million, contributed by higher revenue from its existing properties in Hong Kong, as well as the completed redevelopment of Mapletree Ouluo Logistics Park Phase 1, and acquisitions in Singapore, Australia, South Korea and Vietnam completed in FY19.