AIMS Apac Reit cuts Q2 DPU by 20% on lower net property income
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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.
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