Ascendas India Trust DPU for Q2 down 8%

ASCENDAS India Trust (a-iTrust) posted an 8 per cent year-on-year fall in distribution per unit (DPU) in Singapore dollar terms for its fiscal second quarter as a result of an appreciation of the Singapore dollar against the Indian rupee.

DPU dipped to 1.1 cents from 1.2 cents last year for the three months ended Sept 30, 2013, as the Singapore dollar appreciated 11 per cent against the rupee, said the manager of the business trust, Ascendas Property Fund Trustee, yesterday.

In rupee terms, DPU was flat at 0.53 of a rupee.