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Cache Logistics Trust DPU falls 9.5% to 1.8 cent

Michelle Zhu
Michelle Zhu7/21/2017 06:03 PM GMT+08  • 2 min read
Cache Logistics Trust DPU falls 9.5% to 1.8 cent
SINGAPORE (July 21): The manager of  Cache Logistics Trust has declared a distribution per unit (DPU) of 1.800 cent for second quarter ended March, down 9.5% from its DPU of 1.989 cents in the same quarter a year ago on higher property-related expenses.
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SINGAPORE (July 21): The manager of Cache Logistics Trust has declared a distribution per unit (DPU) of 1.800 cent for second quarter ended March, down 9.5% from its DPU of 1.989 cents in the same quarter a year ago on higher property-related expenses.

Revenue for the quarter fell marginally by 0.7% to $27.9 million from $28.1 million a year ago, mainly due to the divestment of Cache Changi Districentre 3 and lower income received under protest for 51 Alps Ave.

The revenue decline from these segments was however partially offset by higher rental contribution from DSC ARC and the Australian properties.

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