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Ascendas REIT's 3Q DPU dips 0.6% to 3.97 cents

Stanislaus Jude Chan
Stanislaus Jude Chan1/25/2018 05:58 PM GMT+08  • 2 min read
Ascendas REIT's 3Q DPU dips 0.6% to 3.97 cents
SINGAPORE (Jan 25): The manager of Ascendas Real Estate Investment Trust (Ascendas REIT) announced distribution per unit (DPU) of 3.970 cents for the 3Q17/18 ended December, down 0.6% from DPU of 3.993 cents in the corresponding quarter a year ago.
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SINGAPORE (Jan 25): The manager of Ascendas Real Estate Investment Trust (Ascendas REIT) announced distribution per unit (DPU) of 3.970 cents for the 3Q17/18 ended December, down 0.6% from DPU of 3.993 cents in the corresponding quarter a year ago.

The total amount available for distribution rose 1.0% to $116.3 million in 3Q17/18. However, 3Q DPU was lower due to an increase in the number of units in issue as well as the absence of a one-off property tax refund received a year ago.

Gross revenue grew 4.1% to $217.3 million in 3Q17/18, from $208.6 million a year ago.

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