Cache Logistics Trust's net profit up 0.6% to $19.7m in Q1
Thanks to newly-acquired properties.
Cache Logistics Trust reported that its net property income grew 0.6% year-on-year to $21m in the first quarter.
The slower pace of increase was due to contribution from the recently-acquired Australian properties and built-in rental escalations, offset by higher property expenses and lease commissions.
Distributable Income rose 0.9% yo-y to $16.8m, while gross revenue grew 1.6% y-o-y to $21m.