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Cache Logistics' Q3 DPU unchanged

Published Wed, Oct 21, 2015 · 09:50 PM
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Singapore

CACHE Logistics Trust on Wednesday posted an unchanged distribution per unit (DPU) of 2.14 Singapore cents for the third quarter ended Sept 30, 2015.

Gross revenue rose 11.3 per cent to S$23.1 million, while net property income fell 3.6 per cent to S$18.8 million.

The Reit manager said: "Compared to Q3 2014, this quarter's net performance was impacted by conversions of four properties from single-tenanted master leases to multi-tenancies during the year in a soft rental market, leading to a…

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