Cambridge Industrial Trust upgraded to 'buy' by Phillip Securities

Stock Name: Cambridge
Company Name: CAMBRIDGE INDUSTRIAL TRUST
Research House: Phillip Securities

Phillip Securities Research in a Feb 14 research report says: "Revenue and DPU came in 2.3% and 4.8% higher than our forecasts respectively. However growth was flat on a y-o-y basis. Full year revenue was $74.2 million (-0.3% y-o-y), net property income was $65.1 million (flat y-o-y) and distributable income was $44.7 million (+1.1% y-o-y). Full year DPU was 4.892 cents (-8.7% y-o-y).

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