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New acquisitions boost A-Reit's Q1 distribution

Occupancy at its Singapore portfolio rises, but falls in Australia due to the expiry of a single tenant lease in Sydney


ASCENDAS Reit on Thursday posted a distribution per unit (DPU) of 3.996 Singapore cents for its first quarter ended June 30, 2016.

This was 4 per cent higher than the 3.841 cents it paid out in the corresponding quarter a year ago.

Distribution was boosted mainly