Cache Logistics' Q4 DPU down 0.8%

CACHE Logistics Trust yesterday posted a 0.8 per cent drop in its distribution per unit (DPU) to 2.137 cents for its fourth quarter ended Dec 31, 2013, from the 2.154 cents a year ago.

The trust said the fall was mainly due to an increase in units following a private placement of 70 million units in March last year.

Income available for distribution actually increased 9.6 per cent from the previous corresponding quarter.