Ascendas Reit Q3 DPU edges down 0.6%
One-off effect and rise in unit base offset increase in gross revenue, NPI
Singapore
ASCENDAS Real Estate Investment Trust (Reit) posted a 0.6 per cent year-on-year dip in distribution per unit (DPU) to 3.97 Singapore cents for the third-quarter of FY2017/2018 due to a one-off property tax refund in the previous year and an increase in the number of units in issue.
Gross revenue rose 4.1 per cent to S$217.28 million for the period under review, while net property income (NPI) was up 1.7 per cent to S$157.63 million. The increase in NPI was on the back …
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