The manager of ARA LOGOS Logistics Trust (ALOG) has posted distribution per unit (DPU) of 1.353 cents in the 1QFY2021 ended March, 35.7% higher than DPU of 0.997 cent in the 1QFY2020.
The quarter’s DPU was spread across 1.28 billion units issued in the REIT, compared to 1QFY2020’s 1.09 billion units.
The significantly higher growth was partly due to the retention of the $2.5 million distributable income retained in 1QFY2020.
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