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Cambridge Industrial Trust's Q2 DPU falls in absence of one-off items

Singapore

CAMBRIDGE Industrial Trust (CIT) has posted a 10.9 per cent year-on-year drop in its second- quarter distributable amount to S$14.07 million, as the amount in the same period a year ago was cushioned by a one-off capital distribution of S$967,000.

For the three months as at end-June, distribution per unit (DPU) was 1.078 Singapore cents, down 12 per cent year on year. This will be paid on Aug 31.

Revenue for the quarter was up 1.7 per cent to S$28.3 million, lifted by the contribution from...

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