SINGAPORE (Oct 26): Ascendas REIT (A-REIT) reported 2Q19 DPU of 3.887 cents, –4.2% y-o-y driven by lower occupancy in Singapore, additional interest expense and expanded number of units.

See: Ascendas REIT declares 4.2% lower 2Q DPU of 3.887 cents on lower contribution from Singapore, higher expenses

In a Friday note, DBS Group Research says A-REIT’s 2Q19 results came in line with estimates. Lead analyst Derek Tan says A-REIT remains one of the must-haves among Singapore REITs.

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