Cache Logistics Trust's 51 Alps Avenue (Photo: Cache Logistics Trust)

Data from ARA LOGOS Logistics Trust’ latest disclosure have been updated into the Singapore REITs table.

ARA LOGOS Logistics Trust (ALOG) disclosed on 22 July that its gross revenue and net property income for 1H FY2021 rose by 15.2% and 17.1% year-on-year to SGD66.6 million and SGD51.4 million respectively.

The REIT has attributed this to incremental revenue generated from the recently completed Australian portfolio acquisition, stronger portfolio performance as well as appreciation of the Australian dollar.

Distributable income for 1H FY2021 was SGD34.6 million, up 36.6% year-on-year, while DPU also grew by 10.6% to 2.570 cents as compared to 2.323 cents in 1H FY2020 despite the enlarged unit base.

On a like-for-like basis, adjusting for the SGD2.0 million retained distributable income in 1H FY2020 and the SGD0.6 million capital distribution in 1H FY2021, DPU would have been 0.7% higher year-on-year.

ALOG’s latest disclosure on its business operations can be viewed here.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.