Cache Logistics Trust posts DPU of 2.146 Singapore cents in Q4

CACHE Logistics Trust on Tuesday reported a distribution per unit (DPU) of 2.146 Singapore cents for its fourth quarter ended Dec 31, 2014, slightly higher than the 2.137 Singapore cents it paid out a year ago.

This will be paid on Feb 27, 2015. The books closure date is Feb 4, 2015.

The trust's gross revenue dipped 0.4 per cent to S$20.6 million, while net property income dipped one per cent to S$19.4 million.

The decrease in net property income was due mainly to lower gross revenue from vacancies and tenants' rent-free period, as well as higher property maintenance expenses and lease commissions, it said.