3 issues chaining down Cache Logistic Trust’s DPU outlook

SINGAPORE (Jan 25): DBS is maintaining its “hold” call on Cache Logistics Trust (CLT) due to uncertainty of the outcome regarding its dispute with DB Schenker Megahub; the potential of revaluation loss; as well as the possibility of equity fund raising to address its high gearing.

CLT on Monday posted a 10.8% decline in 4Q DPU to 1.85 cents due to lower income for 51 Alps Avenue, over which the trust has been in dispute with Schenker over regarding the latter’s lease at the property since 2016.

(See also: Cache Logistics Trust’s 4Q DPU declines 10.8% to 1.85 cents on lease dispute)

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