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ARA LOGOS Logistics Trust reports 2HFY2021 DPU of 2.464 cents, down 15.8% y-o-y

The Edge Singapore
The Edge Singapore1/26/2022 12:29 AM GMT+08  • 2 min read
ARA LOGOS Logistics Trust reports 2HFY2021 DPU of 2.464 cents, down 15.8% y-o-y
On Jan 22, ESR-REIT revised its offer for ALOG.
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ARA LOGOS Logistics Trust has reported a distribution per unit of 2.464 cents for its 2HFY2021, down 15.8% y-o-y, because of a larger unit base. For the whole of FY2021, DPU was 5.034 cents, down 4.1%.

Net property income for the same six-month ended Dec 2021 period was up 16.1% y-o-y to $53.5 million. Revenue, meanwhile, was up 15.1% y-o-y to $68.7 million, lifted by contributions from newly-acquired assets.

Karen Lee, CEO of ALOG’s manager, says that the REIT has continued to deliver a “stable and resilient performance” for FY2021, despite the ongoing pandemic.

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