Ascendas REIT’s DPU for the 2HFY2020 ended Dec 31, 2020, fell by 0.9% y-o-y to 7.418 cents and FY2020’s DPU fell by 6.1% to 14.688 cents largely because of a 13.6% rise in the number of units in FY2020 versus FY2019. The increase in the unit base was due to a private placement in November 2020, and a preferential equity fund raising in December 2020 which together raised $1.19 billion.

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