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C A M B R I D G E I N D U S T R I A L T R U S T
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Corporate Information
1
Chairman’s & Chief Executive Officer’s
Joint Message
4
Financial Highlights
8
Year in Brief
10
Manager’s Report
12
Structure of Cambridge
Industrial Trust
19
Risk Management
20
Property Locations
26
Property Portfolio
27
Singapore Industrial Property
Market Overview
48
Board of Directors
66
The Management Team
71
Sustainable Business
73
Corporate Governance
77
Financial Statements
93
Additional Information
161
Statistics of Unitholders
166
Notice of Annual General Meeting
168
Proxy Form
Corporate Directory
TABLE OF CONTENTS
growth in net asset value (“NAV”) per unit through the
successful implementation of the following strategies:
• Acquisition of value-enhancing properties;
• Pro-active asset management;
• Divestment of non-core properties; and
• Prudent capital and risk management
CIT has a credit rating of BBB-/Stable/-- which was
assigned by Standard & Poor’s (“S&P”) on 27 August 2009
and has been reaffirmed annually since 2011, with the
latest being on 28 May 2015. Moody’s Investors Service
(“Moody’s”) assigned an issuer rating of Baa3 to CIT and
provisional Baa3 rating to its Medium Term Notes (“MTN”)
programme.
3 Pioneer Sector 3
