SINGAPORE (FEB 23): Sasseur Real Estate Investment Trust (REIT) has announced a distribution per unit (DPU) of 1.629 cents for 4QFY2019 ended December, down 18.5% from DPU of 1.999 cents in the corresponding period a year ago.

The decline was attributable to lower income tax expenses a year ago in 4QFY2018 from the utilisation of available tax losses, as well from a one-off adjustment during that quarter.

The REIT’s rental income under its entrusted management agreements (EMA) in 4QFY2019 fell by 9% to $28.2 million, from the $30.9 million recorded a year ago.

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