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Mapletree Logistics Trust declares 3Q DPU of 1.87 cents, unchanged from a year ago

PC Lee
PC Lee1/23/2017 07:40 PM GMT+08  • 2 min read
Mapletree Logistics Trust declares 3Q DPU of 1.87 cents, unchanged from a year ago
SINGAPORE (Jan 23): The manager of Mapletree Logistics Trust (MLT) has announced a stable Distribution Per Unit (DPU) of 1.87 cents for the 3Q ended Dec 31 2016 and 5.58 cents for the nine months year-to-date, both unchanged from a year ago.
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SINGAPORE (Jan 23): The manager of Mapletree Logistics Trust (MLT) has announced a stable Distribution Per Unit (DPU) of 1.87 cents for the 3Q ended Dec 31 2016 and 5.58 cents for the nine months year-to-date, both unchanged from a year ago.

Gross revenue for 3Q grew 7% to $95.5 million from a year ago, while net property income (NPI) rose 8% to $79.9 million.

The growth in revenue and NPI was mainly driven by contributions from acquisitions, asset enhancement/redevelopment projects completed last year and a stronger performance in Hong Kong, partially offset by lower contributions from certain properties in Singapore and South Korea.

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