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A-Reit's Q1 DPU rises 5.5%
Business space and industrial properties achieve positive rental reversions and higher occupancies
Add BT as a preferred sourcePublished Wed, Jul 22, 2015 · 09:50 PM
Singapore
ASCENDAS Real Estate Investment Trust (A-Reit) inked a 5.5 per cent rise in distribution per unit (DPU) for the fiscal first quarter ended June 30 to 3.841 Singapore cents on the back of positive rental reversions and higher occupancies at its business space and industrial properties.
Gross revenue rose 10.6 per cent year-on-year to S$180.5 million for the quarter.
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