SINGAPORE (Oct 24): The manager of Cache Logistics Trust has declared a distribution per unit (DPU) of 1.541 cents for the 3Q17 ended Sept, down by 12.8% from 1.767 cents in the same period a year ago.
Excluding the effect of the rights Issue, DPU was marginally lower at 1.818 cents compared to the same period in 2016.
The lower quarterly DPU was mainly attributable to lower income from operations and an enlarged number of units in issue due to the recently-completed $102.7 million rights issue, says the manager in the results filing for CacheLog on Tuesday.
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)
