SINGAPORE (Apr 26): Analysts are mostly remaining neutral on Cache Logistics Trust (CacheLog Trust) following its results announcement , but they will be keeping a watchful eye on the trust should CWT Limited default on its rent.
The trust announced on Thursday that its 1Q19 DPU marginally increased by 0.4% y-o-y to 1.513 cents, while distributable income was 1.2% up at $16.3 million.
Gross revenue came in at $30.8 million, 6.2% higher y-o-y, bringing net property income (NPI) to $23.8 million, 4.0% higher y-o-y.
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