EC World REIT sees 10.5% rise in DPU to 1.39 cents in 2Q21

EC World REIT – which specialises in Chinese logistics properties – reported a distribution per unit (DPU) of 1.53 cents for 2Q21, up 10.5% from the DPU of 1.39 cents posted a year ago. 

The total amount available for distribution came in at $11.6 million. The manager says it will distribute 90% of this unitholders and retain 10%. It will instead pay out the distribution of $2.0 million that was retained in 4Q19, $1Q20 and 2Q20 (partial).

As such, EC World REIT’s 2Q21 DPU is consistant with the DPU paid out in 1Q21.

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