Cambridge Industrial's Q3 DPU drops

Singapore

INDUSTRIAL landlord Cambridge Industrial Trust posted lower distributions for the third quarter despite a double-digit rise in net property income.

Distribution per unit (DPU) fell to 1.204 Singapore cents for the three months to Sept 30, down 3.7 per cent from the previous year, it said on Thursday. This was on the back of a 1.6 per cent slide in distributable income to S$15.6 million year-on-year.