SINGAPORE (Mar 10): Although Dasin Retail Trust (DRT) had a rough FY2019, Phillip Capital  is opting for a bullish view on its inorganic growth prospects for the year ahead. 

For 4QFY2019 ended December, DRT booked a distribution per unit (DPU) of 3.95 cents, up 3.6% from 3.81 cents a year ago. 

However, including the distribution waiver that was meant to provide short term DPU support to help the REIT tide over the gestation period of its two younger malls -Dasin E-Colour and Ocean Metro Mall - DRT’s DPU came in at 6.82 cents, down some 5.5% from 7.22 cents last year. 

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