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.

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