Data from ARA LOGOS Logistics Trust’s latest disclosure has been incorporated into the Singapore REITs table.
ARA LOGOS Logistics Trust has reported distribution of SGD19.3 million for its 3Q FY2021, an increase of 20.9% year-on-year.
This translates into a DPU of 1.329 cents for the quarter, a decrease of 9% year-on-year amid an enlarged unit base.
The REIT’s gross revenue and net property income (NPI) for 3Q FY2021 rose by 15.1% and 13.9% year-on-year to SGD34.0 million and SGD26.1 million respectively.
The REIT has attributed this mainly to new revenue from the Australian portfolio acquired in April 2021, commencement of new leases, and a stronger AUD against the SGD.
During the quarter, the REIT saw lower aggregate leverage of 37.8%.
All-in financing costs have also reduced to 2.77% in 3Q FY2021 as compared to 2.92% in 1H FY2021.
ARA LOGOS Logistics Trust was last done on the SGX at SGD0.885, which presently implies a distribution yield of 6.01% according to data on the Singapore REITs table.