Home Capital Broker's Calls

Analysts not yet ready to cash in on Cache

Stanislaus Jude Chan
Stanislaus Jude Chan10/25/2017 3:50 PM GMT+08  • 3 min read
Analysts not yet ready to cash in on Cache
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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.