SINGAPORE (Oct 25): The manager of Ascendas REIT has announced a DPU of 3.887 cents for 2Q19, 4.2% lower compared to the DPU of 4.059 cents in 2Q18.

This was mainly due to lower contribution from Singapore, higher interest expense, and equity raised of $450 million in anticipation of the second UK portfolio acquisition and a Built-to-Suit development in Singapore.

For 2Q19, gross revenue improved by 1.1% y-o-y mainly due to contributions from newly acquired properties in Australia and the UK.

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