Overview

Cache Logistics Trust ("Cache" or the "Trust") is a real estate investment trust ("REIT") constituted on 11 February 2010. Cache was listed on the main board of SGX-ST and commenced operations on 12 April 2010. Cache principally invests in income-producing real estate used for logistics purposes in Asia-Pacific1, as well as real estate-related assets. Cache presently holds a portfolio of high quality logistics warehouse properties strategically located in established logistics clusters within Asia-Pacific. Cache is managed by ARA-CWT Trust Management (Cache) Limited.

Key Objective

Cache aims to provide Unitholders with regular and stable distributions and long-term growth in distribution per Unit ("DPU") and net asset value ("NAV") per Unit, while maintaining an appropriate capital structure.

Investment Strategies


Acquisition Growth Strategy

  • Pursue acquisition opportunities that provide attractive cash flows and yields relative to the Trust's weighted average cost of capital, and opportunities for future income and capital growth.

Active Asset Management Strategy

  • Work to mitigate re-leasing risks and to grow organically, thereby increasing the yield of its properties, and correspondingly, the NAV per Unit.

Focused Development Strategy

  • Prudently undertake development activity when appropriate opportunities arise, while mitigating construction and leasing risks.

Capital and Risk Management Strategy

  • Employ an appropriate mix of debt and equity in financing acquisitions, and utilise interest rate and currency hedging strategies where appropriate.

Divestment Strategy

  • Free up capital for re-deployment as and when appropriate.

1 For the purposes of the Trust's investment mandate, "Asia-Pacific" is defined as Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, China, India, Hong Kong, Macau, Taiwan, Japan, Korea, Australia and New Zealand.

Trust Structure