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Cambridge trust's Q1 DPU slips 2.1%; annualised yield of 7%

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Five-storey block at 16 Tai Seng Street, one of the light industrial properties in CIT's portfolio

Singapore

CAMBRIDGE Industrial Trust (CIT) reported a 2.1 per cent year-on-year slip in distribution per unit (DPU) to 1.225 Singapore cents for the first quarter ended March 31. This translates to a 7 per cent annualised yield based on CIT's closing price at the end of the quarter....

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