Analysts from CGS-CIMB Research and UOB Kay Hian have maintained their “add” and “buy” calls on ARA LOGOS Logistics Trust (ALOG), as the trust’s results for the 1QFY2021 stood in line with their expectations.

ALOG, on April 23, reported distribution per unit (DPU) of 1.353 cents for the 1QFY2021 ended March, 35.7% higher y-o-y.

The stronger y-o-y results were mainly due to the commencement of new leases as well as the higher revenue generated from ALOG’s Australian portfolio on the back of the stronger AUD.

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