Mapletree Logistics Trust 3Q DPU up 1.2%

Mapletree Logistics Trust (MLT) said on Thursday its distribution per unit for the fiscal third quarter rose 1.2 per cent, thanks to contributions from assets acquired last year and higher revenue from existing properties, Dow Jones Newswires reported.

Unit holders will receive 1.72 Singapore cents per unit for the three months ended Dec 31, up from 1.70 cents in the corresponding period a year ago, the real estate investment trust said in a statement.

MLT had reported the October-to-December 2011 results as fourth-quarter earnings. The trust later changed the end of its financial year to March 31 from Dec 31.

Gross revenue for the third quarter rose 7.7 per cent to S$77.4 million while net property income was 9.7 per cent higher at S$67.5 million. As at end-2012, MLT had 110 properties in its portfolio with a book value of about S$4.1 billion.

Source : Today – 17 Jan 2013

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