SINGAPORE (July 30): The manager of Ascendas Real Estate Investment Trust (Ascendas REIT) reported 1Q18 DPU of 4.002 cents, 1.2% lower than the DPU of 4.049 cents declared a year ago.

1Q18 net property income (NPI) rose by 3.8% y-o-y to $159.2 million mainly attributable to contributions from newly acquired properties, 100 Wickham Street and 108 Wickham Street in Brisbane, Australia, and a redeveloped property, 50 Kallang Avenue in Singapore.

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