Cambridge Industrial Trust (CIT): Reported results for 3Q2010. Achieved net income of $10.8m with a DPU of 1.187 cents, lower 3.6% as compared to previous year. Revenue was at $18.2m , down 2.6%, primarily due to lower rental income resulting from the sale of several properties since last year. Book value has decreased from $874.2 million at Dec 31, 2009 to $838.5 million. Occupancy rate remains high at 99.97%....
…The company has secured new financing of $70m for the next 3-year period for funding purposes. Following the $40.0m private placement in Aug 2010, new assets worth $37.1m were acquired. Unitholders will receive the balance of 0.507 cent per unit on 30 Nov after the initial 0.680 cents paid out on 16 Sept.
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