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Analysts keep Ascendas REIT at 'buy' despite a drop in 3Q DPU

Samantha Chiew
Samantha Chiew1/26/2018 11:59 AM GMT+08  • 4 min read
Analysts keep Ascendas REIT at 'buy' despite a drop in 3Q DPU
SINGAPORE (Jan 26): The manager of Ascendas Real Estate Investment Trust (AREIT) on Thursday announced that its 3Q17/18 DPU dropped 0.6% to 3.970 cents from 3.993 cents in 3Q16/17.
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SINGAPORE (Jan 26): The manager of Ascendas Real Estate Investment Trust (AREIT) on Thursday announced that its 3Q17/18 DPU dropped 0.6% to 3.970 cents from 3.993 cents in 3Q16/17.

However, the total amount available for distribution was up by 1.0% to $116.3 million.

The lower 3Q DPU was due to an increase in the number of units in issue and the absence of a one-off property tax refund received last year.

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