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Ascendas REIT reports 2.4% increase in 2HFY2021 DPU of 7.598 cents

Felicia Tan
Felicia Tan2/8/2022 05:47 PM GMT+08  • 3 min read
Ascendas REIT reports 2.4% increase in 2HFY2021 DPU of 7.598 cents
Units in A-REIT closed 2 cents higher or 0.72% up at $2.80 on Feb 8.
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The manager of Ascendas REIT (A-REIT) has declared a distribution per unit of 7.598 cents for the 2HFY2021 ended December, 2.4% higher than the DPU of 7.418 cents in the corresponding period the year before.

The half-year DPU brings A-REIT’s full-year DPU to 15.258 cents, 3.9% higher than the previous year’s total DPU of 14.688 cents.

A-REIT’s revenue for the 2HFY2021 grew by 21.3% y-o-y to $640.5 million mainly due to the full period revenue contribution from the acquisitions completed in 2HFY2020. The revenue growth was also attributable to the 11 European data centre properties that were acquired in March 2021 and contributions from Galaxis and Grab HQ in Singapore during the 2HFY2021.

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