Cache Logistics Trust posts DPU of 1.94 cents for Q3

Cache Logistics Trust has posted a distribution per unit (DPU) of 1.94 Singapore cents for the fiscal third quarter and net property income for the quarter was S$14.36 million.

This represents an increase of around 13.5 per cent when compared with the previous quarter.

Meanwhile, distributable income came in at S$12.3 million, a 13.5 per cent increase from the quarter before.

The Cache portfolio currently comprises of six logistics properties located in Singapore. The trust says its portfolio is 100 per cent leased.

With the economy growing strongly and the manufacturing sector continuing to revive, Singapore’s logistics property market will likely improve further, the trust said.

The trust said it was confident of delivering the forecast DPU for the current fiscal year, barring unforeseen circumstances.

Source : Channel NewsAsia – 28 Oct 2010

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