These were however partially offset by the loss of contribution from Hi-Speed Logistics Centre (40 Alps Ave, Singapore) which was divested in May 2018.
SINGAPORE (July 31): The manager of Cache Logistics Trust (CLT) has reported a 2Q18 DPU of 1.419 cents, down 17.6% on-year from 1.722 cents a year ago on higher property expenses.
Revenue grew 7.7% y-o-y to $30 million with the full-quarterly contribution from the trust’s recently-acquired, nine-property Australian portfolio, as well as higher contributions from 51 Alps Ave and its rental top-up.
