Cambridge Industrial's Q2 DPU down 2.1%
Trust manager cites higher property expenses and borrowings costs, and increase in units in issue
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
CAMBRIDGE Industrial Trust's distribution per unit (DPU) for the second quarter fell 2.1 per cent to 1.225 Singapore cents.
This was despite distributable income expanding 0.5 per cent to S$15.8 million in the three months ended June 30, 2015.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?