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Ascendas India Trust posts 3% increase in 1H DPU of 2.81 cents

Stanislaus Jude Chan
Stanislaus Jude Chan10/25/2017 05:51 PM GMT+08  • 2 min read
Ascendas India Trust posts 3% increase in 1H DPU of 2.81 cents
SINGAPORE (Oct 25): The trustee-manager of Ascendas India Trust (a-iTrust) has declared distribution per unit (DPU) of 2.81 cents for the 1H ended September, an increase of 3% from DPU of 2.73 cents a year ago.
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SINGAPORE (Oct 25): The trustee-manager of Ascendas India Trust (a-iTrust) has declared distribution per unit (DPU) of 2.81 cents for the 1H ended September, an increase of 3% from DPU of 2.73 cents a year ago.

Total property income grew 27% to $92.8 million in 1H17/18, from $73.2 million in the corresponding period last year.

This was mainly due to positive rental reversions as well as incremental rental income from Victor, BlueRidge 2, and aVance 4, which were completed or acquired in June 2016, February 2017, and April 2017, respectively.

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