Meanwhile, property expenses grew by 4.5% to $15.6 million from $15 million a year ago due to acquisitions costs as well as higher operation and maintenance expenses.
SINGAPORE (July 23): The manager of Mapletree Logistics Trust (MLT) has announced an available distribution per unit (DPU) of 1.957 cents for the 1Q19 ended June, up 3.7% from its 1Q18 DPU of 1.887 cents a year ago.
Gross revenue for 1Q19 grew 10.1% on-year to $105.4 million from $95.8 million previously, maily due to higher contributions from existing properties and acquisitions in Hong Kong completed in FY18.
