Gross revenue increased by 6.2% to $30.8 million from $29.0 million in the previous year, mainly attributable to the 9-property Australia portfolio acquired on 15 February 2018 and CWT Commodity Hub’s conversion from a master lease to a multi-tenancy lease structure. This was partly offset by lower contribution from the divestment of 40 Alps Ave and Jinshan Chemical Warehouse in China.
SINGAPORE (Apr 26): Cache Logistics Trust (CacheLog Trust) has declared a 1Q19 DPU of 1.513 cents, 0.4% higher than the 1Q18 DPU of 1.507 cents.
Distributable income increased by 1.2% to $16.3 million from $16.1 million, while number of units also increased by 0.8% y-o-y to about 1.08 million, mainly due to higher tax-exempt income from overseas subsidiaries and a higher capital distribution of $0.2 million.
