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A-Reit's Q3 DPU rises 10%; manager's chief exec to retire in March

Anita Gabriel

Published Fri, Jan 22, 2016 · 09:50 PM

Singapore

CONTRIBUTIONS from new properties, asset enhancement initiatives and positive rental reversion on renewals led Ascendas Real Estate Investment Trust (A-Reit) to post a 10 per cent jump in distribution per unit (DPU) for the third quarter ended Dec 31, 2015, to 3.946 Singapore cents from a year ago.

A-Reit made a DPU of 3.59 Singapore cents in the corresponding quarter to December in 2014.

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