Ascendas India Trust (a-iTrust) has announced a weak set of results for the first half period ended June 30, no thanks to a challenging leasing environment.

Its distribution per unit (DPU) fell 9% to 4.2 cents, from 4.64 cents a year ago.

This was due mainly to a one-off reversal of dividend distribution tax (“DDT”) provision made in the last financial year, according to the trust.

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