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EC World REIT posts 6.8% fall in 3Q DPU to 1.388 cents on retention of distributable income

Felicia Tan
Felicia Tan11/9/2020 09:46 PM GMT+08  • 2 min read
EC World REIT posts 6.8% fall in 3Q DPU to 1.388 cents on retention of distributable income
The quarter’s DPU translates to an annualised yield of 7.7%.
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The manager of EC World REIT has declared distribution per unit (DPU) of 1.388 cents for the 3QFY2020 ended Sept 30, down 6.8% from DPU of 1.489 cents a year ago.

The quarter’s DPU translates to an annualised yield of 7.7%.

Total amount available for distribution rose 3.5% y-o-y to $12.3 million due to contribution from Fuzhou E-Commerce, which was acquired in August 2019, as well as organic growth from rental escalations.

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