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Ascendas Reit posts Q4 DPU of 3.55 cents

It enjoyed a $131m revaluation gain for its 105 properties

ASCENDAS Reit posted a distribution per unit (DPU) of 3.55 cents for its fourth quarter ended March 31, 2014, a 16 per cent increase from 3.06 cents a year ago. This will be paid on May 30, 2014. The higher distribution came on the back of a 23.9 per cent increase in distributable income to $85.