(Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended))
Press Release CIT's distributable income up 12.7% for FY2011• Total assets exceed S$1.1 billion
• NTA per unit rose to 62.0 cents from 60.7 cents in previous year
• Strong balance sheet and gearing ratio of 33.1% keep CIT poised for expansion opportunities
• CIT continues to enhance asset portfolio and kick-starts two built-to-suit development projects
• Starts off FY2012 with acquisition of 3C Toh Guan Road East, divestment of 7 Ubi
Close and new 7-year pre-lease commitment from an anchor
tenant at 88
International Road
FY2011 (S$ 'm) | FY2010 (S$ 'm) | Y-on-Y (%) | 4Q2011 (S$ 'm) | 3Q2011 (S$ 'm) | Q-on-Q (%) | |
Gross Revenue | 80.4 | 74.2 | 8.3 | 20.8 | 20.7 | 0.2 |
Net Property Income ("NPI") | 69.1 | 65.1 | 6.2 | 18.1 | 17.6 | 2.8 |
Distributable Income | 50.4 | 44.7 | 12.7 | 13.3 | 12.9 | 3.3 |
Distribution Per Unit ("DPU") (Cents) | * 4.237 | 4.892 | (13.4) | 1.118 | 1.082 | 3.3 |
* 4.362 (excluding the effect of rights units issued in April 2011 and entitled to 1Q2011 distribution)
Singapore, 31 January 2012