Daiwa House Logistics Trust's (SGX:DHLU) distribution per unit or DPU for the first half of the year declined 9% to SG$0.0224 from SG$0.0245 a year earlier, according to a Friday filing with the Singapore Exchange.
Distributable income to unitholders fell 8% to SG$15.7 million from SG$17.1 million.
Net property income was up 6.1% to SG$22.5 million from SG$21.2 million a year earlier.
Gross revenue was up 5.8% year over year to SG$29.2 million from SG$27.6 million, mainly due to high rental income during the period.
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