Cache Logistics Trust reports 4.2% fall in Q1 DPU to 2.14¢

CACHE Logistics Trust yesterday posted a distribution per unit (DPU) of 2.14 cents for its first quarter ended March 31, 2014, a 4.2 per cent decline from 2.234 cents a year ago.

This was despite income available for distribution rising 5.5 per cent to $16.7 million.

This was due to its increased unit base after an equity dilution from its $86.8 million private placement last March. Seventy million new units were issued then.