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Cambridge Industrial Trust to pay Q1 DPU of 1.251 cents

Published on Apr 16, 2014 9:59 AM

SINGAPORE - Cambridge Industrial Trust, a Singapore-listed trust that invests in industrial property, will pay a distribution per unit (DPU) of 1.251 cents for its first quarter ended March 31.

This is 1.4 per cent higher than the 1.234 cents it paid a year ago, said the trust's manager Cambridge Industrial Trust Management.

This is despite a 5.1 per cent fall in revenue for the first quarter over the year before to $23.54 million. Revenue dropped largely because of a change in accounting adjustments for rent as well as property divestments, Cambridge Industrial Trust Management said.

Cambridge Industrial Trust's net property income also slipped 11.1 per cent in the period to $18.97 million as expenses rose.

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