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Ascendas India Trust sees 14% lower DPU of 3.60 cents in 2HFY2021

Felicia Tan
Felicia Tan1/26/2022 06:18 PM GMT+08  • 3 min read
Ascendas India Trust sees 14% lower DPU of 3.60 cents in 2HFY2021
The REIT's FY2021 DPU stood 11% lower y-o-y at 7.80 cents.
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Ascendas India Trust (a-iTrust) has reported a distribution per unit (DPU) of 3.60 cents for the 2HFY2021 ended December, 14% lower than the 4.19 cents posted in the 2HFY2020.

This brings FY2021 DPU to 7.80 cents, which is 11% lower than FY2020’s DPU of 8.83 cents.

According to the REIT manager, the FY2021 decline was due to the higher DPU in FY2020 on the back of a one-off reversal of dividend distribution tax provision.

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