Cache Logistics Trust's Q3 DPU down 13.7% to 1.85 cents
Dent in payout due to the absence of capital proceeds which were distributed in Q3 FY15
Singapore
CACHE Logistics Trust's third quarter distribution per unit (DPU) shrank to 1.847 Singapore cents from 2.14 Singapore cents in the previous year, the group said in a Singapore Exchange filing on Friday evening.
The dent in performance was due to the absence of capital proceeds distributed in the third quarter of FY16. In Q3 FY15, S$1.5 million was distributed from the sales proceeds from the disposal of Kim Heng warehouse.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Reits & Property
Australia lending rules make banks go ‘too hard’ on due diligence: Westpac
Daiwa House Logistics Trust posts 0.6% higher Q1 distributable income
Manulife US Reit’s portfolio occupancy falls to 78.7% in Q1
FLCT posts 1.1% lower H1 DPU of S$0.0348 on higher vacancies, expenses
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Paragon Reit posts 3% rise in Q1 gross revenue to S$73.8 million