Singapore-listed industrial REIT, Cache Logistics Trust, announced on 22 April that it has recorded a distribution per unit (DPU) of 2.039 Singapore cents for its 1Q FY2016, a fall of 5.0% compared to the 2.146 cents paid in the corresponding period of 2015.
Distributable income for the quarter amounted to SGD18.2 million, up 8.6% year-on-year. Correspondingly gross revenue for the period increased 32.7% to SGD27.9 million while net property income (NPI) rose 12.0% to SG22.05 million.
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