Cambridge Industrial's DPU slips 9.7% in Q1

Singapore

PROPERTY conversions and divestments led to the decline in Cambridge Industrial Trust's (CIT) distribution per unit (DPU) in the first quarter of 2017, which slipped 9.7 per cent to 1.004 Singapore cents.

For the three months ended March 31, 2017, gross revenue was S$27.7 million, a dip of 2.2 per cent from the year-ago period. Total distributable income was S$13.1 million, down 9.7 per cent year-on-year.