Friday, January 20, 2012

MapletreeLog DPU rises 9.7% in Q4

Business Times: Fri, Jan 20
MAPLETREE Logistics Trust (MLT) saw distributable income increase 12.2 per cent to $41.3 million for the fourth quarter ended Dec 31, 2011, from $36.8 million the year before.

However, distribution per unit (DPU) grew at a slower rate due to a larger number of units from an equity fund-raising exercise back in Q2 2010. Q4 distribution per unit (DPU) was 1.70 cents, 9.7 per cent higher than last year's 1.55 cents. The Q4 DPU includes a distribution of 0.03 cent from divestment gains...

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