Unit price of Cambridge Industrial Trust has been creeping upwards, probably in anticipation of the Trust going CD.
Total assets under management exceed $1b with recent revaluation of properties. This resulted in a lower gearing level apart from boosting NTA/unit to 62c. Year on year, gearing ratio has fallen from 34.7% to 33.1%. The REIT has no borrowings due until June 2014.
Interest