Mapletree Logistics Trust sees 4.1% rise for Q3 DPU

Mapletree Logistics Trust’s third quarter distribution per unit (DPU) has seen a 4.1 per cent increase to 1.54 cents, higher than the 1.48 cents reported last year.

Mapletree Logistics’ distributable income rose by 9.5 per cent on-year to S$31.5 million.

Its net property income also went up by 8.1 per cent on-year to S$47.6 million.

The trust says its actual cumulative DPU pursuant to its equity fund raising exercise will be announced at a later date.

In September, Mapletree Logistics launched an exercise comprising a combination of private placement and preferential offering of new units to raise some S$300 million dollars.

Looking ahead, the Trust says the pace of global recovery has been uneven, though market sentiments have remained cautiously positive in the areas where it operates.

It says it will continue to focus on optimizing yield from its portfolio and evaluate opportunities for yield-accretive acquisitions.

Source : Channel NewsAsia – 21 Oct 2010

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