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Cambridge Industrial TrustFull Year 2007 Results Full Year 2007 Results

29 Jan 2008

FY2007 Results Presentation Outline

4Q2007 Financial Results4Q2007 Financial Results

FY 2007 MilestonesFY 2007 Milestones

Capital Management StrategyCapital Management Strategy

2

Pipeline and OutlookPipeline and Outlook

Acquisition HighlightsAcquisition Highlights

Portfolio StrengthsPortfolio Strengths

2007 Milestone Achievements

35.7

43.2

53.0

45.8

35.7

FY 2007 Results

35

40

45

50

55

S$ m

28.3%

30.8% 31.7%

22.7%

3

Forecast Actual

27.1

24.0

35.7

31.4

35.7

15

20

25

30

35

Gross Revenue Net PropertyIncome

Net Income DistributableIncome

2007 Milestone Achievements

$0.70

$0.72

$0.74

$0.76

$0.78

NAV per unit

13.4%

Portfolio Valuation

500

600

700

800

900

1000

$m

928

74.8%

5.00

6.00

7.00

Annualised DPU

6.262

22.3%

4

$0.62

$0.64

$0.66

$0.68

$0.70

Dec 2006 Dec 2007

0.67

0.76

0

100

200

300

400

500

Dec 2006 Dec 2007

531

928

0

1.00

2.00

3.00

4.00

Forecast Actual

5.120

6.262

Continued strong acquisition performance

$100

$150

$200

$250

$m

7100.4

194.4

125.6

Va

lue

of P

rop

ert

ies a

cqu

ire

d(1

)

5

$0

$50

$100

1Q07 2Q07 3Q07 4Q07 1Q08 MOU

2

31

7100.4

44.8

6.42

21.7Va

lue

of P

rop

ert

ies a

cqu

ire

d

_________(1) Value as at 31 December 2007




6




Continued Revenue Growth Driven By Acquisitions

• Top line driven by:

– Acquisition of 7 properties after EFR

– Full quarter impact of Increased rent on YCH Distripark after asset

13.9

11.611.0

9.49.5

16.1

13.5

12.5

11.010.8

8

10

12

14

16

18

S$m

7

Distripark after asset enhancement

– Full quarter impact of 3Q07 acquisition

0

2

4

6

8

4Q06 1Q07 2Q07 3Q07 4Q07

Net Property Income Gross Revenue

Continuing To Deliver Growth To Unit Holders

• Bottom line driven by:

– Yield-accretive acquisitions

– Lower cost of debt

– Debt-funded acquisitions going

11.6

1.5681.560

1.4341.422

1.700

9

10

11

12

13

Dis

trib

uta

ble

incom

e S

$m

0.8

1.0

1.2

1.4

1.6

1.8

DPU

(cents

)

8

acquisitions going forward will be strongly accretive

• Accretion from 1Q08 Acquisitions is 0.03 cents per unit per quarter on a pro-forma basis

7.47.38.0

8.8

5

6

7

8

4Q06 1Q07 2Q07 3Q07 4Q07

Dis

trib

uta

ble

incom

e S

$m

0.0

0.2

0.4

0.6

DPU

(cents

)Distributable Income (LHS) DPU (RHS)




9




Capital Management Milestones 2007/2008

Target 1Q 2008

Lock in low interest rates

Target 2Q 2008:

Long Term Refinance

10

Feb 2007:

Bridge Loan Refinanced

Oct 2007 : Successful follow-on

equity offering

Jan 2008 :

Additional Short Term Liquidity

Milestone Equity Fund Raising Completed

• Equity Fund Raising completed October 18, 2007

– S$193.9m raised from 51 institutions

– First Rule 144A placement to US investors for a Singapore REIT

– CIT’s investor base broadened in

Geographic split of equity placement

USA

27%

Other

Asia

7%Middle

East

9%

EU

5%

11

– CIT’s investor base broadened in Europe, Asia, USA, Australia

– Substantial placement : 54% of market capitalisation

– Placement 1.6x subscribed despite difficult market conditions

• Critical Factor – we have our equity

Hong

Kong

25%

Singapore

17%

Australia

10%

Additional short term funding facility

• Revolving Credit Facility (“RCF”) closed 14 Jan, 2008

– S$100m provided by HSBC

– Bilateral term loan

– Priced at 1,2,3 or 6 month SOR plus a margin

– 2 year term

Debt facilities and utilisation

as at 28 Jan 2008

337

53

150

200

250

300

350

400

450

S$m

12

– 2 year term

• Emphasizes CIT’s debt strategy

– Diversity of sources

– Market-appropriate structures

– Extend maturity profile

– Plan ahead

– Always have a “Plan B”

S$131 million in available liquidity at 28 Jan 2008

22

78

0

50

100

VFN RCF

Drawn Undrawn

Interest Rate Risk ManagementSGD interest rates

2.5%

3.0%

3.5%

4.0%

% p

er

an

nu

m

4.5% 4.4%4.3%

4.0%3.8%

3.5%

Continued decline in cost of CITborrowing• CIT cost of borrowing has

declined as SGD base rates have declined

•CIT’s debt margins are stable and locked in

• Window of opportunity to

13

5 year swap (1)1 month interbank (2)

1.0%

1.5%

2.0%

2.5%

Jan

-07

Mar-

07

May-0

7

Ju

l-07

Sep

-07

No

v-0

7

Jan

-08

% p

er

an

nu

m

Dec 0

6

___________(1)Source : Bloomberg Screen SDSW5

(2)Source : MAS Website

• Window of opportunity to lock-in long term base rates

Clear Path To Long Term (Debt / Refinance)

VFN1 year

Refinance Option

RCF2 years

14

Club loanCMBS

De-gearing from EFR provides room for further growth

Capital Structure Gearing Levels and Additional Acquisition Capacity

193 282 322 330

604

337

300

400

500

600

700

800

900

1000

S$

mil

lio

n

549(1)

44.7%47.7% 48.4%

35.1%35.5%

250

500

750

1,000

S$

mil

lio

n

20%

40%

60%

Geari

ng

%

1515

_________(1) Based on acquiring additional properties at the maximum statutory gearing level for Singapore REITs of 60%

(1)

345 344 344 346

604

0

100

200

300

4Q06 1Q07 2Q07 3Q07 4Q07

S$

mil

lio

n

Equity Debt

0 0

549(1)

0

250

0%

20%

Additional debt capacity Gearing Ratio

Attractive, Secure Yield

656bps

382bps

2.50% 2.26%

8.82%

4.00%

6.00%

8.00%

10.00%

12.00%

2.94%

5.00%

16

___________

(1) Bank savings deposits as at end of Dec 2007. Source: MAS website

(2) Bank FD rate (12 months) as at end of Dec 2007. Source: MAS website

(3) Interest paid on Central Provident Fund ordinary account from Jan – Mar 2008. Source: CPF website

(4) Singapore Government Securities 10-year bond yield as at 22 January 2008. Source: SGS website

(5) 2007 All Market equity yield. Source Bloomberg Screen DYSGTOTL

(6) Weighted average 2007 forecast yield by market capitalization. Source: J P Morgan Asia Real Estate Summary 24 Jan 2008

(7) Based on CIT’s closing price of S$0.71 per unit as at 31 Dec 2007 and 2007 DPU of 6.262 cents

0.29%0.83%

0.00%

2.00%

BanksSaving

Deposits (1)

Bank fixeddeposit

(2)

CPF Ordinary Account

(3)

10 yeargovernment

bond (4)

STI Index dividend

Yield (5)

S-Reit Yield (6)

CIT's Annualised

Yield (7)




1




Completed Properties in 4Q2007

23 Woodlands Terrace

Sector: Industrial & Warehouse

Purchase Price: S$15.4m

Enterprise Hub (120 out of 602 Strata units)

Sector: Light Industrial


9 Bukit Batok Street 22


Purchase Price: S$18.3 m

120 Pioneer Road

Sector: Industrial & Warehouse


2

Natural Cool Building


Purchase Price: S$5.0 m

1 Tuas Avenue 3 (with proposed

A&A)

Sector: Logistics & Warehouse


7 Ubi Close

Sector: Car Showroom


Total Appraised Value of approximately S$194.4m as

at 31 Dec 2007

The property is a 4 storey detached Industrial and Warehouse building with a mezzanine floor

6 Tuas Bay Walk6 Tuas Bay Walk

Properties completed in January 2008

The property is a 4 storey Industrial and Warehouse building with annex block

21B Senoko Loop21B Senoko Loop

Awaiting prettier photo

3

Warehouse building with a mezzanine floor

Purchase price: S$7.0 million

Lease terms: 10 years with 7% rental escalations on the commencement of the fourth and seventh year

DPU Accretion : + 0.0477 cents p.a.

building with annex block


Lease terms: 7 years with an option to renew for a further 7 years with 5% rental escalations on the commencement of the third and fifth year

DPU Accretion : + 0.0740 cents p.a.

1510

16

17-19

22-25

9

8

7 2-311-12

29

283031

3213

34

37

35

38

40

36

Strategically Located New Acquisitions

42

4

1

14

1620-21

22-25

26-27

11-124-633

Existing PropertiesExisting PropertiesExisting PropertiesExisting PropertiesExisting PropertiesExisting PropertiesExisting PropertiesExisting Properties New PropertiesNew PropertiesNew PropertiesNew PropertiesNew PropertiesNew PropertiesNew PropertiesNew Properties37

39

40

4

41

S$927.8m40

S$733.4m33

Continued Strong Portfolio Growth

Lettable Area (sq m)Value and Number of Properties

S$581.8m27 3Q 2007 Portfolio

Initial Portfolio

5

4Q 2007 Portfolio

3Q 2007 Portfolio628,303

4Q 2007 Portfolio

5

S$581.8m

Initial Portfolio

27 3Q 2007 Portfolio

512,505

426,725




6




% of Forecast Gross Revenue (1)

Initial Portfolio of 27 Properties:

Weighted Remaining Lease Term: 6.3 years

Enlarged Portfolio of 40 Properties:

Weighted Remaining Lease Term: 6.7 years

30%

40%

50%

Enhanced Lease Expiry Profile

7

_________(1) Based on gross revenue for the month of December 2007.

0%

10%

20%

30%

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

20

19

20

20

20

21

20

22

7

Leases Provide Fixed And Stable Rental Growth (for 40 properties)

5, 7 & 8 Year Leases 10 & 15 Year Leases

30%

7%

15 - year leases

7%8 - year leases

7 - year leases

20%

5%

8

Baserate

7%

7%

0%1 2 3 4 5 6 7 8 9 10 11 12 13

7%

10 - year leases

Base

rate

5%

0%

1 2 3 4 5 6 7

7 - year leases

5 - year leases

5%

814 15

YearYear

14.2

16.5

14

15

16

17

Mo

nth

s

High Security Deposit And Full Occupancyfor Cashflow Stability

16% CIT

Market

90%

92%

94%

96%

98%

100%

Pe

rce

nta

ge

100.0%

9

12

13

Security Deposit Level (months)

- 27 Properties

Security Deposit Level (months)

- 40 Properties

CIT's Occupancy Rate

Market's Occupancy Rate

82%

84%

86%

88%

90%

Total IndustrialP

erc

en

tag

e

91.7%

_________

(1) Source: URA (as at 4Q2007)

13.5%

7.3%

4.5%

3.0%

Diversified Tenant Mix

Tenant Contribution by Trade Sectors(1)

Enlarged PortfolioInitial Portfolio

35.7%

8.5%

11.8%

2.8%

5.3%

10

51.8%

19.9%

Diversified trade sectors reduce financial susceptibility to economic downturns in the industries of its tenantsDiversified trade sectors reduce financial susceptibility to economic downturns in the industries of its tenants

_________(1) In terms of CIT’s gross revenue for the month of December 2007

Logistics & Warehousing Light Industrial Industrial Industrial & Warehouse Self Storage Car Showroom

10

8.5%

35.9%

Diversified Portfolio Of Quality Tenants

Top Ten Tenants

7.3%

7.4%

9.7%

14.0%

0% 2% 4% 6% 8% 10% 12% 14% 16%

CWT

YCH

Soon Lee

Lam Soon

% of Gross Rent, Dec 2007 - 40 properties

11

_____________

(1) Jurong Districentre Pte Ltd, a 70%-owned subsidiary of CWT Limited

5.1%

2.8%

2.8%

4.7%

5.3%

5.5%Brilliant

Exklusiv

Jurong Districentre (1)

ODC Logistics

Comapct Metal

StorHub




12




Acquisition Growth Potential In Singapore

Retail, 7.5%

Office, 15.1%

Other Investment

Grade Industrial 26.5%

Other Industrial Stock, 65%Owned by I-REITS,

Total Industrial Space : 369.4 m sq ft

13

Industrial

13

Source : Colliers International Report commissioned by CIT for inclusion the Offering Circular dated 27 September 2007

Industrial 77.5%

Stock, 65%Owned by I-REITS,

8.5%

Growth In Logistics And Industrial Sectors

Industrial Production Index vs Net New Demand of Factory Space

Annual Net Formation of Transport and Storage and Manufacturing Firms

500

600

700

800

900

6,000

8,000

10,000

12,000

100

120

140

160

180

1414

_________Source: Singstat Timeseries Online, Singapore Department of Statistics

_________Source: Economic Development Board / Urban Redevelopment Authority

0

100

200

300

400

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Transport and Storage Manufacturing

0

2,000

4,000

6,000

2000

2001

2002

2003

2004

2005

2006

2007

0

20

40

60

80

Net New Demand Industrial Production Index

Increasing Occupancy for Industrial Properties…

84%

86%

88%

90%

92%

94%

96%

98%

15

Source: Real Estate Information System, URA/Colliers International Singapore Branch

Source: Colliers International Singapore Research

15

Occupancy Rates of Islandwide Warehouse Space

Occupancy Rates of Islandwide Factory Space

78%

80%

82%

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008(F

)

…Driving Rental Rates higher…

$0.90

$1.10

$1.30

$1.50

$1.70

$1.90

$2.10

$2.30

$2.50

S$

pe

r s

q f

t p

er

mo

nth

16


16

$0.50

$0.70

$0.90

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

(F)

Gross Rent of Prime Factory Space (Upper Floor)

Gross Rent of Prime Warehouse Space (Upper Floor)

… Driving capital values higher

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

S$

pe

r s

q f

t

17


17

$0.00

$100.00

$200.00

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008(F

)

Capital Value for Leasehold Prime Factory Space (Upper Floor)

Capital Value for Freehold Prime Warehouse Space (Upper Floor)

Two more acquisitions in

1Q08 – S$21.7m

Good acquisition

S$125.6 million of MOUs signed as at January 28,

2008

Significant Acquisition Potential in 2008

18

Good acquisition potential in Singapore

Offshore acquisitions•Malaysia & China•Tenant is key •Possible within 2008

SGD 549 million dry powder

Key Value Propositions

Quality PortfolioPrudent Capital

Management

19

Flowing Pipeline

Strong Track Record of

Accretive Growth

19

The information contained in this presentation is for information purposes only and does not constitute an offer to sell or anysolicitation of an offer or invitation to purchase or subscribe for units in Cambridge Industrial Trust (“CIT”, and units in CIT,“Units”) in Singapore or any other jurisdiction, nor should it or any part of it form the basis of, or be relied upon in anyconnection with, any contract or commitment whatsoever.

The past performance of the Units and Cambridge Industrial Trust Management Limited (the “Manager”) is not indicative ofthe future performance of CIT and the Manager. Predictions, projections or forecasts of the economy or economic trends ofthe markets which are targeted by CIT are not necessarily indicative of the future or likely performance of CIT.

The value of units in CIT (“Units”) and the income derived from them may fall as well as rise. Units are not obligations of,deposits in, or guaranteed by, the Manager or RBC Dexia Trust Services Singapore Limited (in its capacity as trustee of CIT),or any of their respective affiliates. An investment in Units is subject to investment risks, including the possible loss of theprincipal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Unitsare listed. It is intended that holders of Units (“Unitholders”) may only deal in their Units through trading on SingaporeExchange Securities Trading Limited (the “SGX-ST”). Listing of the Units on the SGX-ST does not guarantee a liquid marketfor the Units.

Important Notice

20

for the Units.

This release may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual futureperformance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of anumber of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-lookingstatements, which are based on the current view of management on future events.

This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance,outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number ofrisks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industryand economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments,shifts in expected levels of property rental income and occupancy, changes in operating expenses, including employeewages, benefits and training, property expenses and governmental and public policy changes and the continued availabilityof financing in the amounts and the terms necessary to support future business. You are cautioned not to place unduereliance on these forward-looking statements, which are based on the Manager's current view of future events.

This presentation has been prepared by the Manager. The information in this presentation has not been independentlyverified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness,accuracy, completeness or correctness of the information and opinions in this presentation. None of the Manager or any of itsagents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence orotherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connectionwith this presentation.

Neither this presentation, nor any copy or portion of it, may be sent, taken, transmitted or distributed, directly or indirectly, inor into the United States, Japan or Canada, or to any U.S. person (as such term is defined in Regulation S under theSecurities Act of 1933, as amended). It is not an offer of securities for sale into the United States. The Units may not beoffered or sold into the United States, Canada or Japan or to, or for the account or benefit of, U.S. persons unless they areregistered or exempt from registration. The Units have not been and will not be registered under the Securities Act or thesecurities laws of any state of the United States. There will be no public offer of securities in the United States.

Important Notice

21

securities laws of any state of the United States. There will be no public offer of securities in the United States.

Thank You

22

CAMBRIDGE INDUSTRIAL TRUST MANAGEMENT LIMITED61 ROBINSON ROAD, #12-01 ROBINSON CENTRE, SINGAPORE 068893

TEL: (65) 6222 3339 FAX: (65) 6827 9339 WWW.CAMBRIDGEINDUSTRIALTRUST.COM

Anthony White SVP, Corporate Finance & DID: (65) 6827 9352 [email protected]

Investor Relations

Appendices

23

Appendices

3Q2007

Actual Actual Forecast (1) Change %

Gross Revenue $13.5 m S$16.1 m S$10.8 m +49.1%

Net Property Income (NPI) S$11.6 m S$13.9 m S$8.9 m +56.2%

Net Income S$7.6 m S$10.4 m S$6.0 m +73.3%

Distributable Income S$8.8 m S$10.0 m S$6.8 m +47.1%

Distribution Per Unit (DPU) 2.010 cents (2) 1.258 cents (2)

Actual Actual Forecast Change %

1 Oct to 31 Dec 2007

Financial Results 4Q2007

24

Actual Actual Forecast Change %

Annualised DPU 6.745 cents 6.122 cents (3) 5.120 cents (4) +19.6%

Annualised Distribution Yield:

IPO price (S$0.68) 9.92% 9.22% 7.53% (4)

Current price (S$0.71) (5) 9.50% 8.83% 7.21%_____________

(1) Forecast means prorated forecast figures derived from the Projection Year 2007 (from 1 Jan to 31 Dec 2007) based on exercising the Over-allotment Units in full as disclosed in the Prospectus, for the quarter ended 31 Dec 2007.

(2) 0.31 cents DPU from period 1 Oct 07 to 17 Oct 07 was paid concurrent with 3Q distribution and is included in 3Q2007 results in this table

(3) Annualised DPU computed by annualising 1.258 cents based on 75 days from 18 Oct 2007 to 31 Dec 2007

(4) As stated in Prospectus for Projection Year 2007 based on 530,325,500 units (inclusive of 29 million over-allotment units).

(5) Computed based on closing price of S$0.71 as at 31 Dec 2007.

Net Income 4Q2007 (1)

higher than Forecast by 74.0%

S$'000 Actual Forecast Variance %

Gross Revenue 16,053 10,800 +48.6%

Property expenses (2,146) (1,867) +14.9%

Net Property Income (NPI) 13,907 8,933 +55.7%

Borrowing costs (2,559) (2,143) +19.4%

25

Borrowing costs (2,559) (2,143) +19.4%

Other non-property expenses (910) (791) +15.0%

Net income 10,438 5,999 +74.0%

Balance Sheet

S$'000 31-Dec-07 31 Dec 2006

Investment Properties 927,800 531,000

Current Assets 33,250 12,926

Total Assets 961,050 543,926

Borrowings (336,483) (192,850)

26

Other Current Liabilities (19,973) (5,722)

Total Liabilities (356,456) (198,572)

Net Assets Attributable to Unitholders 604,594 345,354

Applicable number of Units ('000) 794,008 512,153

NAV Per Unit $0.76 S$0.67

Distribution Timetable

Period 18 Oct 2007 to 31 Dec 2007

DPU 1.258 cents

Last day of trading on "cum" basis 4 Feb 2008

Ex-date 5 Feb 2008

27

Ex-date 5 Feb 2008

Books closure date 11 Feb 2008, 5:00pm

Distribution payment date 29 Feb 2008

Capital Management at end 2007

31 Dec 07

Total term loan and overdraft facilities S$400.0 m

Total debt S$337.0 m

Gearing ratio 35.1%

Weighted average effective interest rate FY2007 3.5%

28

Interest cover FY2007 4.3 times

VFN Facility term to expiry 13 Months

Net Asset Value Per Unit 0.76$ __________

(1) Variable Funding Note (“VFN”) Facility expires in February 2009

Properties Completed In Q4 20071 Tuas Ave 31 Tuas Ave 3

Purchase price (with proposed A&A):S$32.5 million (1)

Lease terms: 8 years with an option to extend for a further term of 5 years with 7% rental escalations on the commencement of the fourth and seventh year

Outgoings:

29

The Property is a new 2-storey Warehouse building, a single-storey Warehouse complex, a two-storey

Office building and a nine-storey Warehouse with a Warehouse annex, which will be entirely replaced

with a proposed two-storey Warehouse.

Outgoings: Tenant pays land rent, property tax and property maintenance

(1) Upon acquisition before A&A is completed, S$26.5 million is payable and first year rental of S$2.10 million is receivable. Completion of A&A works is expected within 1 year after acquisition.

Properties Completed In Q4 2007

The Property is a 5-storey Light Industrial building

Purchase Price: $18.3 million

9 Bukit Batok Street 229 Bukit Batok Street 22

The Property is a 4-storey Industrial and Warehouse building.

23 Woodlands Terrace23 Woodlands Terrace

30

Purchase Price: $18.3 million

Lease terms: 7 years with an option to renew for a further term of 7 years, with 5% rental escalations on the commencement of the third and fifth year

Outgoings: Tenant pays property maintenance while the landlord pays for the land rent and property tax

building.


Lease terms: 7 years with an option to renew for a further term of 7 years with 5% rental escalations on the commencement of the third, fifth and seventh year

Outgoings: Tenant pays land rent, property tax and property maintenance

The Property is a part two- and a part four-storey Industrial and Warehouse building

120 Pioneer Road120 Pioneer Road

Properties Completed in Q4 2007

The Property is a nine-storey Light Industrial building.

Enterprise Hub Enterprise Hub

31

Industrial and Warehouse building


Lease terms: 7 years with 5% rental escalations on the commencement of the third and fifth year

Outgoings: Tenants pays for land rent, property tax and property maintenance

building.



Outgoings: Tenants pays for property tax and property maintenance

The Property is a 3-storey Detached factory and a proposed 4-storey block extension.

Natural Cool BuildingNatural Cool Building

Properties completed in Q4 2007

The Property is a Car showroom and Workshops

7 Ubi Close7 Ubi Close

32

proposed 4-storey block extension.


Lease terms: 7 years with an option to renew for a further term of 3 years with 5% rental escalations on the commencement of the third and fifth year

Outgoings: Tenant pays land rent,property tax and propertymaintenance

The Property is a Car showroom and Workshops building



Outgoings: Tenant pays property maintenance while the landlord pays for property tax

2007 Milestone achievements

• Net property income higher than Forecast(1) by 28%

• Distributable income higher than Forecast(1) by 49%

• Annual DPU of 6.262 cents higher than Forecast of 5.120 cents(2) by 22%

• Acquisition of 13 properties valued at $ 346.0 million

• Year end portfolio of 40 properties worth $927.8million – an

33

• Year end portfolio of 40 properties worth $927.8million – an increase of 75 % year-on year

• Successful equity fund raising of $193.9 million

_____________(1) Forecast means prorated forecast figures derived from the Projection Year 2007 (from 1 Jan to 31 Dec 2007) based on exercising the Over-allotment

Units in full as disclosed in the Prospectus, for the year ended 31 Dec 2007.

(2) As stated in Prospectus for Projection Year 2007 based on 530,325,500 units (inclusive of 29 million over-allotment units).

cambridge industrial trust - esr-reitesr-reit.listedcompany.com/misc/201210181606194_en.pdf · full...

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