CIT posts 9% drop in Q4 DPU

Singapore

CAMBRIDGE Industrial Trust (CIT) reported a 9 per cent decline in distribution per unit (DPU) for the fourth quarter ended Dec 31, 2015 to 1.139 Singapore cents due to reduced capital distributions.

Its manager said that it will be conducting a strategic review of its business and operations in view of current market conditions and latest developments in the Singapore real estate investment trust (Reit) market.