Cambridge full-year DPU tops S$0.05 target

Singapore

CAMBRIDGE Industrial Trust's full-year distribution per unit (DPU) has crossed the five-cent mark that it had hoped to achieve. On Friday, it reported a DPU of 1.252 Singapore cents for its fourth quarter ended December 2014 - versus the 1.251 cents it paid out a year ago. This brings its full-year DPU to 5.004 cents, compared to 4.976 cents in FY13.

"2014 was a very tough year but we have come out of it very well, and we've hit the five-cent target that we've been talking about since 2010 or 2011 in what has been regarded as a flat market," Philip Levinson, CEO of the Reit manager, told reporters at a briefing.