Cache's Q2 DPU down 0.3%

Singapore

CACHE Logistics Trust on Monday reported a 0.3 per cent dip in distribution per unit (DPU) to 2.14 Singapore cents for its second quarter ended June 30, 2015.

This was due to a larger base of units compared to a year ago. In Q2 2014, the logistics trust had distributed 2.147 cents per unit.

Income available for distribution, in fact, rose 0.3 per cent to S$16.8 million, including a portion of the sale proceeds from the disposal of Kim Heng warehouse of S$1.45 million, which is classified as capital distribution from a tax perspective…