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Ascendas India Trust declares 28% higher 1Q19 DPU of 2.05 cents on higher net property and interest income

Uma Devi
Uma Devi7/25/2019 06:36 PM GMT+08  • 2 min read
Ascendas India Trust declares 28% higher 1Q19 DPU of 2.05 cents on higher net property and interest income
SINGAPORE (July 25): The trustee-manager of Ascendas India Trust (a-iTrust) reported a DPU of 2.05 cents for 1Q19 ended June, 28% higher compared to a year ago.
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SINGAPORE (July 25): The trustee-manager of Ascendas India Trust (a-iTrust) reported a DPU of 2.05 cents for 1Q19 ended June, 28% higher compared to a year ago.

Total property income rose 10% to $49.2 million, while total property expenses increased by 1% to $11.5 million due to higher property management fees and taxes arising mainly from Anchor building which was completed in May.

Consequently, net property income increased 13% to $37.8 million.

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