CAMBRIDGE Industrial Trust (CIT) yesterday posted a 0.9 per cent rise in second-quarter distribution per unit (DPU) to 1.251 Singapore cents. Distributable income for the three months ended June 30 was 3 per cent higher at S$15.7 million.

Gross revenue remained flat at S$24.6 million, but net property income (NPI) fell 5.6 per cent to S$19.66 million. Excluding straight line rent adjustments of S$0.2 million and S$0.8 million for Q2 2014 and Q2 2013, respectively, gross revenue actually rose S$0.6 million (about 2.5 per cent) to S$24.4 in Q2 2014, but was offset by a 31.1 per cent rise in property expenses, a CIT spokeswoman told BT.

Higher marketing service commission due to increased leasing activities, higher land rents, as well as provision for doubtful debts, legal and professional fees jointly accounted for the rise in property expenses, the spokeswoman said.