A-Reit posts 1.7% rise in Q2 DPU

Singapore

ASCENDAS Reit (A-Reit) has posted an encouraging set of second-quarter results, despite what it calls a "tougher market environment", with the ongoing Singapore economic restructuring, changing government regulations and rising costs.

The real estate investment trust, one of Singapore's oldest and largest, on Thursday announced a 1.7 per cent rise in its distribution per unit (DPU) to 3.66 Singapore cents for its Q2 ended Sept 30. This came on the back of a 1.6 per cent increase in distributable amount to S$87.8 million.