SINGAPORE (Oct 22): The manager of Mapletree Logistics Trust (MLT) announced 2Q19 amount distributable to unitholders rose 32.5% year-on-year to $63.9 million while DPU grew 3.8% to 1.958 cents, on an enlarged unit base.

Revenue for 2Q19 rose 13.8% year-on-year to $106.6 million while net property income (NPI) grew 14.6% to $90.2 million.

Mapletree Logistics Trust Management says the robust growth in revenue and NPI was mainly driven by organic growth from the existing portfolio and contribution from two recent acquisitions in Hong Kong, partially offset by the absence of contribution from four divestments completed in FY18 and one divestment in 1Q19.

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