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Ascendas Reit Q3 DPU up at 3.59¢

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Published Thu, Jan 22, 2015 · 09:50 PM

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Ascendas Reit

Singapore

ASCENDAS Reit on Thursday reported a distribution per unit (DPU) of 3.59 Singapore cents for its third quarter ended Dec 31, 2014. This was slightly higher than the 3.54 cents it paid out a year ago.

Gross revenue rose 11.2 per cent to S$171.7 million due to the recognition of rental income from Hyflux Innovation Centre and Aperia, as well as higher occupancies at Nexus@ one-north and A-Reit City@Jinqiao.

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