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Dasin Retail Trust declares 23% higher 1Q DPU of 1.83 cents

Michelle Zhu
Michelle Zhu5/11/2018 06:29 AM GMT+08  • 2 min read
Dasin Retail Trust declares 23% higher 1Q DPU of 1.83 cents
SINGAPORE (May 11): The trustee-manager of Dasin Retail Trust (DRT) has announced a 1Q18 distribution per unit (DPU) of 1.83 cents, up 23% from its 1Q17 DPU of 1.49 cents on the near-doubling of revenue, and after factoring in a waiver.
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SINGAPORE (May 11): The trustee-manager of Dasin Retail Trust (DRT) has announced a 1Q18 distribution per unit (DPU) of 1.83 cents, up 23% from its 1Q17 DPU of 1.49 cents on the near-doubling of revenue, and after factoring in a waiver.

To recap, two major unitholders of DRT have agreed to not receive distributions for some of the REIT’s units they own, which means higher distributions for other unitholders.

Without the distribution waiver, 1Q DPU would have risen 43% to 0.96 cent from 0.67 cent a year ago.

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