Cambridge Industrial Trust posts 18% drop in Q3 DPU
Add BT as a preferred sourceSingapore
CAMBRIDGE Industrial Trust (CIT) reported an 18 per cent drop in distribution per unit (DPU) to 0.987 Singapore cent for the third quarter ended Sept 30.
Its net property income fell 8.3 per cent to S$19.9 million, mainly due to higher operating expenses of properties converted from single-tenanted property to multi-tenancy, which was partially offset by revenue contribution from leasing and rental escalations of several properties.
TRENDING NOW
Singtel Q1 gain drops 71% to S$818 million in absence of Airtel stake sale; weaker Singapore business
Sembcorp raises interim dividend despite 72% H1 profit slide to S$150 million on Alinta deal costs
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
CDL H1 profit jumps three times to S$301 million on strong condo sales, doubles interim dividend
