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Cache Logistics Trust's Q2 DPU down 7.1%, due to enlarged units base

CACHE Logistics Trust posted a distribution per unit (DPU) of 1.989 Singapore cents for the second quarter of FY2016, down 7.1 per cent from the previous year's 2.14 Singapore cents.

This was in part due to an enlarged units base, but Q2 FY2015's DPU was higher also because it included a capital distribution of 0.185 Singapore cents per unit from the divestment of Kim Heng Warehouse.

For the first half of the year, DPU was 4.028 Singapore cents, down 6.0 per cent from a year ago.

Net property income and income available for distribution rose by 21.9 per cent year-on-year and 6.2 per cent y-o-y to S$22.6 million and S$17.8 million respectively, for the quarter ended June.