This came as a result of the 12.0% dip in gross revenue to $27.7 million from $31.5 million in the same quarter the preceding year, on the back of lower revenue from Cache Gul LogisCentre as a result of the conversion from a master lease to a multi-tenancy lease structure, as well as the transitory downtime between replacement tenants in Commodity Hub.
SINGAPORE (Oct 29): Analysts are positive that Cache Logistics Trust can find its footing again, after stumbling in 3Q19.
Cache reported an 11% drop in its distribution per unit (DPU) to 1.313 cents during the quarter, from 1.475 cents a year ago.
