AIMS Apac Reit cuts Q2 DPU by 20% on lower net property income
Singapore
AIMS Apac Reit's distribution per unit (DPU) fell by 20 per cent to two Singapore cents for its second quarter ended Sept 30, from 2.5 cents a year ago.
This was mainly due to lower net property income (NPI), management fees being paid fully in cash for the quarter, as well as having an amount reserved for distribution to perpetual securities holders, the real estate investment trust's (Reit) manager said in a bourse filing on Tuesday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama