Cambridge Industrial Trust Q1 DPU at 1.225 cents, down 2.1%
Cambridge Industrial Trust, a real estate investment trust (Reit) with industrial properties, reported a distribution per unit (DPU) of 1.225 Singapore cents for its first quarter ended March 31, 2015, down 2.1 per cent from 1.251 cents a year ago.
This gives an annualised distribution yield of 6.9 per cent based on its closing price of S$0.715 on Tuesday.
Revenue was up 16.7 per cent to S$27.5 million, while net property income was up 11.9 per cent to S$21.2 million.
Net asset value per unit at end-March was S$0.68, compared to S$0.681 at end-2014.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OUE Commercial Reit Q1 NPI rises 6.9% to S$60.5 million
OKP unit gets S$92.9 million LTA contract
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
Hong Kong Stock Exchange bids farewell to first woman chair
Toymaker Hasbro posts quarterly profit beat, slower sales decline