Distributable income at Cache Logistics Trust rose 9.6 per cent in the fourth quarter due to rent increases and investment properties bought in 2012 and 2013.
Distributable income was $16.6 million for the three months to Dec 31, from $15.2 million a year ago. Gross revenue rose 8.2 per cent to $20.7 million.
But distribution per unit fell 0.8 per cent to 2.137 cents as a dilutive placement in March last year raised the number of issued units.
The quarter's distributions will be paid on Feb 25.
Full-year distributable income rose 14.1 per cent to $65.6 million as revenue climbed 11.4 per cent to $81 million.
Full-year distribution per unit rose 3.3 per cent to 8.644 cents.
Net asset value per unit was 98 cents at Dec 31, up from 96 cents a year ago. Cache's units rose 1.5 cents to $1.125 on Tuesday.