Cambridge Industrial Trust announces its results for 3QFY15 on 22nd October 2015. DPU fell 3.7% to 1.204 cents as compared to the same period last year.
Key Financial Indicators
The gearing ratio is at 37.2%. 79.9% of the properties owned by Cambridge Industrial Trust are unencumbered.
Debt Maturity Profile
According to the released presentation slides by Cambridge Industrial Trust, Cambridge Industrial Trust has a well-staggered debt maturity profile, with no major refinancing due till FY2017.
Cambridge Industrial Trust has 96.5% of interest rate exposure fixed for next 3.2 years. Borrowing costs significantly insulated against interest rate increases. This is important as it mitigates the risk arising from a sudden Fed interest rate hike.
Weighted Average Lease Expiry
Weighted Average Lease Expiry remains steady at 3.9 years.
Occupancy is healthy with Single Tenant being 100% and Multi-Tenant at 89.2%. The overall occupancy is 95.4%.
