Cambridge Industrial Trust announces its 1Q2016 financial results on 28th April 2016.
Gross Revenue increased by 3.2% from S$27.5 million to S$28.4 million.
Net Property Income (“NPI”) increased by 1.2% from S$21.2 million to S$21.5 million.
However,
distribution per unit (“DPU”) fell 9.2% from 1.225 cents to 1.112 cents. If 1Q2015 results was adjusted to reflect management fees wholly paid in cash and no capital distribution for a like-for-like comparison to 1Q2016, DPU registered an increase of 3.8%.
In the financial statement, the manager announce that it will be conducting a
strategic review of Cambridge Industrial Trust’s business and operations. As such, the manager has recently appointed
Goldman Sachs (Singapore) to assist the Manager in its analysis of certain recent trends and developments in the Singapore REIT sector and the potential implications to Cambridge Industrial Trust.
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