Cache Logistics Trust ("Cache") is a real estate investment trust ("REIT") that invests in quality income-producing real estate used for logistics purposes, as well as real estate-related assets, in Asia-Pacific.
Cache was constituted on 11 February 2010 under a trust deed entered into between ARA-CWT Trust Management (Cache) Limited ("Manager") and HSBC Institutional Trust Services (Singapore) Ltd ("Trustee"). Cache was officially listed on the Mainboard of the Singapore Exchange Securities Trading Pte Ltd ("SGX-ST") on 12 April 2010 and has a market capitalisation of approximately S$866 million as at 31 December 2013.
Cache has a portfolio of 13 high quality logistics warehouse properties strategically located in established logistics clusters in Singapore and China, with a total gross floor area ("GFA") of approximately 5.1 million square feet ("sq ft") and a property value of S$1.035 billion as at 31 December 2013.
Cache received a credit rating of Baa3 with a Stable Outlook from Moody's Investors Service in 2013.
Cache is managed by ARA-CWT Trust Management (Cache) Limited (the "Manager"), a joint-venture REIT management company between ARA Asset Management Limited ("ARA") and CWT Limited ("CWT"). For more information on the Manager, please refer here.
Vision & Mission
Vision: To provide our customers high quality, best-in-class logistics real estate solutions in Asia Pacific through leveraging on the combined strengths of ARA Asset Management Limited and our Sponsor, CWT Limited.
Mission: To provide Unitholders with regular and stable distributions, and long-term sustainable growth in Distribution per Unit and Net Asset Value, while maintaining an appropriate capital structure.
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.
Pursue acquisition opportunities that provide attractive cash flows and yields relative to Cache's weighted average cost of capital, and opportunities for future income and capital growth.
Pro-active Asset Management
Mitigate re-leasing risks and grow organically, thereby increasing the yield of its properties.
Undertake development activity when appropriate opportunities arise while mitigating construction and leasing risks.
Prudent Capital and Risk Management
Use an appropriate mix of debt and equity in financing acquisitions and other asset enhancement initiatives, and utilise interest rate and currency hedging strategies where appropriate. It also includes freeing up capital for re-deployment.