Home News Results

EC World REIT reports lower 4QFY2020 DPU of 1.427 cents

The Edge Singapore
The Edge Singapore2/23/2021 06:34 PM GMT+08  • 2 min read
EC World REIT reports lower 4QFY2020 DPU of 1.427 cents
The REIT manager held back 10% of the income amid the wider economic uncertainty.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

EC World REIT has reported lower distribution to unitholders as it held back 10% of the income amid the wider economic uncertainty.

For 4QFY2020 ended Dec 2020, ECW will be paying distributions of 1.427 cents per unit, down 5.5% from 1.51 cents paid this time last year.

Gross revenue for the same period was up 14.2% y-o-y to $29.5 million; net property income was up 11.1% y-o-y to $27.2 million. The REIT manager retained $1.28 million worth of income.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now