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Mapletree Logistics Trust posts 1.5% rise in 2Q DPU to 1.887 cents

Michelle Zhu
Michelle Zhu10/23/2017 06:21 PM GMT+08  • 3 min read
Mapletree Logistics Trust posts 1.5% rise in 2Q DPU to 1.887 cents
SINGAPORE (Oct 23): The manager of Mapletree Logistics Trust (MLT) has announced a 1.5% rise in 2Q17/18 distribution per unit (DPU) ended Sept of 1.887 cents from the same quarter a year ago on higher revenue.
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SINGAPORE (Oct 23): The manager of Mapletree Logistics Trust (MLT) has announced a 1.5% rise in 2Q17/18 distribution per unit (DPU) ended Sept of 1.887 cents from the same quarter a year ago on higher revenue.

The latest quarter’s result brings DPU for 1H17/18 to 3.774 cents, representing a 1.7% increase from the 3.71 cents declared in 1H16/17.

Gross revenue for the quarter rose 2.3% on-year to $93.7 million from $91.6 million the year before. The manager says this reflected a stable performance across all markets, augmented by contributions from MLT’s acquisitions completions last year.

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