A-Reit's Q4 DPU up 4.5% at 3.71 S'pore cents

Singapore

ASCENDAS Real Estate Investment Trust (A-Reit) posted a 4.7 per cent increase in distributable income for its fiscal fourth quarter on the back of recent acquisitions and improved occupancy rates.

Amount available for distribution increased year-on-year to S$89.2 million in the three months ended March, according to the business space trust. Fourth-quarter distribution per unit rose 4.5 per cent to 3.71 Singapore cents as net property income improved by 4.3 per cent to S$117.2 million.