Distributable income for 3QFY2020 increased 12.3% y-o-y to $16.0 million.
The manager of ARA LOGOS Logistics Trust (ALOG) has reported distribution per unit (DPU) of 1.461 cents for 3QFY2020 ended September, 11.3% higher than the 1.313 cents reported in the corresponding quarter a year ago.
Gross revenue for the quarter rose 6.5% y-o-y to $29.5 million due to higher contribution from the trust’s overall portfolio and commencement of new leases to certain properties. Net property income (NPI) consequently grew 8.3% y-o-y to $22.9 million.
