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Cache Logistics Trust's 2Q DPU falls 17.6% on higher expenses

Michelle Zhu
Michelle Zhu7/31/2018 08:03 AM GMT+08  • 2 min read
Cache Logistics Trust's 2Q DPU falls 17.6% on higher expenses
SINGAPORE (July 31): The manager of Cache Logistics Trust (CLT) has reported a 2Q18 DPU of 1.419 cents, down 17.6% on-year from 1.722 cents a year ago on higher property expenses.
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SINGAPORE (July 31): The manager of Cache Logistics Trust (CLT) has reported a 2Q18 DPU of 1.419 cents, down 17.6% on-year from 1.722 cents a year ago on higher property expenses.

Revenue grew 7.7% y-o-y to $30 million with the full-quarterly contribution from the trust’s recently-acquired, nine-property Australian portfolio, as well as higher contributions from 51 Alps Ave and its rental top-up.

These were however partially offset by the loss of contribution from Hi-Speed Logistics Centre (40 Alps Ave, Singapore) which was divested in May 2018.

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