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Cache Logistics Trust posts 12.8% fall in 3Q DPU to 1.541 cents on rights issue

Michelle Zhu
Michelle Zhu10/24/2017 6:35 PM GMT+08  • 2 min read
Cache Logistics Trust posts 12.8% fall in 3Q DPU to 1.541 cents on rights issue
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.
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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.

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