CIT : Q1 Results

Press Release

CIT maintains stable performance in 1Q2015

  • Net property income up 11.9% year on year (“y-o-y”)
  • Improved  Weighted Average Lease Expiry  (“WALE”)  of  4.2  years  provides  additional income stability
  • Proceeds  from secondary  offer of S$55  million 4-year  fixed rate  MTN1 used to retire S$50 million MTN due in March 2015
  • No  major refinancing  due till  June  2016 with approximately  85% of debt cost fixed for an average of 2.3 years
  • Distribution of 1.225 cents per unit for 1Q2015