Cambridge Industrial Trust Q1 DPU at 1.225 cents, down 2.1%

Cambridge Industrial Trust, a real estate investment trust (Reit) with industrial properties, reported a distribution per unit (DPU) of 1.225 Singapore cents for its first quarter ended March 31, 2015, down 2.1 per cent from 1.251 cents a year ago.

This gives an annualised distribution yield of 6.9 per cent based on its closing price of S$0.715 on Tuesday.

Revenue was up 16.7 per cent to S$27.5 million, while net property income was up 11.9 per cent to S$21.2 million.

Net asset value per unit at end-March was S$0.68, compared to S$0.681 at end-2014.