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Cache Logistics Trust Q4 DPU drops

The growth in distributable income was mainly due to the inclusion of S$2.12m in partial sales proceeds from the trust's sale of a warehouse at Penjuru Lane.


LOWER occupancy rates and a spike in property expenses dented fourth-quarter earnings for warehouse owner Cache Logistics Trust, which also reported a rise in financing costs on Monday.

Warning of more challenging industrial property market conditions ahead in a Singapore...