1Q19 DPU

Ascendas India Trust declares 28% higher 1Q19 DPU of 2.05 cents on higher net property and interest income

SINGAPORE (July 25): The trustee-manager of Ascendas India Trust (a-iTrust) reported a DPU of 2.05 cents for 1Q19 ended June, 28% higher compared to a year ago.

Total property income rose 10% to $49.2 million, while total property expenses increased by 1% to $11.5 million due to higher property management fees and taxes arising mainly from Anchor building which was completed in May. 

Consequently, net property income increased 13% to $37.8 million.

Maybank keeps Frasers Centrepoint Trust at 'buy' after solid start to FY19

SINGAPORE (Jan 22): Maybank Kim Eng is maintaining its “buy” call on Frasers Centrepoint Trust (FCT) with an unchanged target price of $2.55 after the trust’s manager reported a 1Q19 DPU of 3.02 cents, up 0.7% on-year due to improved occupancies across all of its assets and positive rental reversions.

See: Frasers Centrepoint Trust posts 0.7% higher 1Q DPU of 3.02 cents

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