Ascendas Reit posts Q4 DPU of 3.55 cents

ASCENDAS Reit posted a distribution per unit (DPU) of 3.55 cents for its fourth quarter ended March 31, 2014, a 16 per cent increase from 3.06 cents a year ago.

This will be paid on May 30, 2014.

The higher distribution came on the back of a 23.9 per cent increase in distributable income to $85.3 million. This was due to higher net property income, finance lease interest income from a tenant, and incentive payment received as income support for Ascendas Hi-Tech Development (Beijing) Co (AHTDBC) in relation to Z-Link business park in Beijing.