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Ascendas India Trust off to a good start in FY19 with 1Q DPU up 23%

PC Lee
PC Lee7/26/2018 11:56 AM GMT+08  • 2 min read
Ascendas India Trust off to a good start in FY19 with 1Q DPU up 23%
SINGAPORE (July 26): Ascendas India Trust (a-iTrust) is off to a good start in FY19, with 1Q19 DPU jumping 23% y-o-y to 1.60 cents which was in line with expectations.
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SINGAPORE (July 26): Ascendas India Trust (a-iTrust) is off to a good start in FY19, with 1Q19 DPU jumping 23% y-o-y to 1.60 cents which was in line with expectations.

1Q19 DPU would have been stronger if not for the depreciation of the INR versus SGD with 1Q19 DPU in INR terms increasing by 33% y-o-y.

The strong results were largely due to the impact of positive rental reversions in prior quarters as well as contribution from investments and acquisitions made over the past year.

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