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Cambridge Industrial Trust's DPU up 0.9% in Q2

Published Thu, Jul 24, 2014 · 10:00 PM
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CAMBRIDGE Industrial Trust (CIT) yesterday posted a 0.9 per cent rise in second-quarter distribution per unit (DPU) to 1.251 Singapore cents. Distributable income for the three months ended June 30 was 3 per cent higher at S$15.7 million.

Gross revenue remained flat at S$24.6 million, but net property income (NPI) fell 5.6 per cent to S$19.66 million. Excluding straight line r…

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