Full year distributable income improved 9.5% while full year net property income improved 11.7%.
However, full year DPU improved by a very much smaller 1.6%.
Why do investors like Cache Logistics Trust? Some reasons could be:
1. 100% occupancy rate.
2. Only 2% of lettable space is up for lease renewal this year.
3. Weighted average lease to expiry: 3.9 years.
At $1.27 per unit, annualised, distribution yield is 6.78%. This is much lower than Sabana REIT's but Cache Logistics Trust offers greater certainty and that alone would command a premium......