Cambridge – SGX
Cambridge Industrial Trust’s (“CIT”) DPU outperform forecast by 22.2%
Highlights:
• Annualised distribution per unit (“DPU”) of 6.257 cents is 22.2% higher than the forecast DPU of 5.120 cents for the second quarter ended 30 June 2007.
• Net Property Income of S$11.0 million exceeds IPO forecast by 22.8%, total Distributable Income to Unitholders exceeds forecast by 18.5%, giving DPU of 1.560 cents for the second quarter ended 30 June 2007.
• In 2Q2007, three investment properties valued at S$40.4 million were acquired bringing total investment properties under management to S$662.4 million as at 30 June 2007.
• Option Agreements with a total asset value of approximately S$196.38 million were signed and announced to date. MOUs for approximately S$82.47 million worth of properties were entered into as at 31 July 2007.
Source : SGX