Cambridge Industrial Trust announced group and trust earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, on group basis, the company reported gross revenue of SGD 24,026,000 compared to SGD 20,791,000 a year ago. Net property income was SGD 20,756,000 compared to SGD 18,082,000 a year ago. Net income was SGD 9,658,000 compared to SGD 12,162,000 a year ago. Total return for the period before income tax and distribution was SGD 56,506,000 compared to SGD 16,779,000 a year ago. Total return for the period after income tax before distribution was SGD 56,506,000 compared to SGD 16,779,000 a year ago. Net income available for distribution for the period was SGD 11,599,000 compared to SGD 13,295,000 a year ago. Total amount available for distribution for the period was SGD 14,937,000 compared to SGD 13,295,000 a year ago. Distribution per unit for the period was 1.229 cents against 1.118 cents a year ago. Annualized distribution per unit was 4.889 cents against 4.436 cents a year ago. Net cash from operating activities was SGD 18,740,000 compared to SGD 13,606,000 a year ago. Net cash outflow on investment properties was SGD 60,261,000 compared to SGD 2,872,000 a year ago. Payment for investment properties under development was SGD 6,806,000 compared to SGD 2,458,000 a year ago.

For the quarter, on trust basis, the company reported gross revenue of SGD 24,026,000 compared to SGD 20,791,000 a year ago. Net property income was SGD 20,756,000 compared to SGD 18,082,000 a year ago. Net income was SGD 9,657,000 compared to SGD 12,162,000 a year ago. Total return for the period before income tax and distribution was SGD 56,505,000 compared to SGD 16,779,000 a year ago. Total return for the period after income tax before distribution was SGD 56,505,000 compared to SGD 16,779,000 a year ago. Net income available for distribution for the period was SGD 11,599,000 compared to SGD 13,295,000 a year ago. Total amount available for distribution for the period was SGD 14,937,000 compared to SGD 13,295,000 a year ago. Distribution per unit for the period was 1.229 cents against 1.118 cents a year ago. Annualized distribution per unit was 4.889 cents against 4.436 cents a year ago.

For the year, on group basis, the company reported gross revenue of SGD 88,976,000 compared to SGD 80,373,000 a year ago. Net property income was SGD 76,230,000 compared to SGD 69,112,000 a year ago. Net income was SGD 45,432,000 compared to SGD 35,845,000 a year ago. Total return for the period before income tax and distribution was SGD 89,461,000 compared to SGD 85,173,000 a year ago. Total return for the period after income tax before distribution was SGD 89,461,000 compared to SGD 85,173,000 a year ago. Net income available for distribution for the period was SGD 51,851,000 compared to SGD 50,397,000 a year ago. Total amount available for distribution for the period was SGD 57,575,000 compared to SGD 50,397,000 a year ago. Distribution per unit for the year was 4.784 cents against 4.237 cents a year ago. Net cash from operating activities was SGD 66,325,000 compared to SGD 57,710,000 a year ago. Net cash outflow on investment properties was SGD 174,104,000 compared to SGD 66,437,000 a year ago. Payment for investment properties under development was SGD 19,807,000 compared to SGD 3,447,000 a year ago.

For the year, on trust basis, the company reported gross revenue of SGD 88,976,000 compared to SGD 80,373,000 a year ago. Net property income was SGD 76,230,000 compared to SGD 69,112,000 a year ago. Net income was SGD 45,431,000 compared to SGD 35,845,000 a year ago. Total return for the period before income tax and distribution was SGD 89,460,000 compared to SGD 85,173,000 a year ago. Total return for the period after income tax before distribution was SGD 89,460,000 compared to SGD 85,173,000 a year ago. Net income available for distribution for the period was SGD 51,851,000 compared to SGD 50,397,000 a year ago. Total amount available for distribution for the period was SGD 57,575,000 compared to SGD 50,397,000 a year ago. Distribution per unit for the year was 4.784 cents against 4.237 cents a year ago.