Ascendas Reit's Q4, full-year DPU up on acquisitions

Singapore

ASCENDAS Reit on Monday reported an increase in distribution per unit (DPU) to 3.91 Singapore cents for its fourth quarter ended March 31, 2018. This is higher than the 3.852 Singapore cents it paid out a year ago.

Gross revenue of the trust rose 3.3 per cent to S$215.7 million, while net property income rose 2.5 per cent to S$157.9 million, as the contributions from the acquisition of 108 Wickham Street in Brisbane, Australia last December kicked in, partly offset by the divestment of 84 Genting Lane in Singapore in January this year.