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.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook