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EC World REIT reports forecast-beating 4Q DPU of 1.463 cents

PC Lee
PC Lee2/23/2017 07:47 AM GMT+08  • 1 min read
EC World REIT reports forecast-beating 4Q DPU of 1.463 cents
SINGAPORE (Feb 23): The manager of EC World REIT reported a DPU of 1.463 cents for the 4Q ended Dec, 2.0% higher than forecast.
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SINGAPORE (Feb 23): The manager of EC World REIT reported a DPU of 1.463 cents for the 4Q ended Dec, 2.0% higher than forecast.

Distributable income came in at $11.4 million, exceeding forecast by 2.0%. This was mainly due to the strong operating performance of the underlying asset portfolio and favourable exchange rate movement between renminbi (RMB) and Singapore dollars.

Gross revenue was $24.7 million, an increase of $1.7 million or 7.5% compared to the pro-rated forecast. NPI was $21.8 million, an increase of $0.9 million or 4.1% compared to the pro-rated forecast.

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