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EC World REIT reports 9.7% lower DPU of 1.383 cents in 1QFY2022

Felicia Tan
Felicia Tan5/12/2022 6:29 PM GMT+08  • 2 min read
EC World REIT reports 9.7% lower DPU of 1.383 cents in 1QFY2022
During the quarter, the REIT’s revenue rose 4.4% y-o-y to $32.2 million, which is mainly due to the stronger RMB. Photo: EC World REIT
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EC World REIT has reported a distribution per unit (DPU) of 1.383 cents in the 1QFY2022 ended March, 9.7% lower than the DPU of 1.532 cents in the same period before.

During the quarter, the REIT’s revenue rose 4.4% y-o-y to $32.2 million, which is mainly due to the stronger RMB, as well as organic rental escalation and late fee income.

Net property income (NPI) grew 7.4% y-o-y to $29.7 million due to lower property expenses.

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