Ascendas India Trust Q4 DPU up 10%

ASCENDAS India Trust reported a ten per cent year on year increase in fourth quarter distribution per unit (DPU) to 1.54 Singapore cents.

Total property income rose 23 per cent to S$44.2 million thanks to positive rental reversions as well as incremental income from new acquisitions and development. Meanwhile, net property income increased 25 per cent to S$29 million.

The distribution amount of 2.96 Singapore cents per unit for the period Oct 1, 2016 to March 31, 2017 will be paid out on May 26.