SINGAPORE (Jan 31): Ascendas REIT saw its distribution per unit (DPU) slide 12.3% to 3.507 cents for 3QFY2019 ended December, from 3.998 cents.

This was mainly due to a 16.4% increase in the number of applicable units in issue due to the rights issue in December 2019.

3QFY2019 gross revenue rose 5.9% to $239.7 million, on the back of contributions from the portfolio of 28 properties in the US and two properties in Singapore acquired in December 2019, as well as liquidated damages in relation to the pre-termination of a lease in Australia.

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