SINGAPORE (Oct 25): Analysts are keeping the reins on Cache Logistics Trust after the REIT on Tuesday posted third quarter results which were in line with expectations.
Cache saw its distribution per unit (DPU) fall 12.8% to 1.541 cents for the 3Q ended September, from 1.767 cents a year ago.
This was mainly attributable to lower income from operations and an enlarged number of units in issue due to its recently-completed rights issue of 162.6 million new units to raise some $102.7 million.
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