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Ascendas Reit Q3 DPU up 0.7%
It will develop and manage Grab's S$181.2m HQ on a long lease which will provide a stable income stream
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Claudia Chong
Published Wed, Jan 30, 2019 · 09:50 PM
Singapore
ASCENDAS Reit on Wednesday posted a 0.7 per cent increase in distribution per unit (DPU) to 3.998 Singapore cents for the third quarter ended Dec 31, 2018, from 3.970 Singapore cents a year ago. Ascendas noted that the DPU takes into account an enlarged number of units in issue.
Net property income rose 6.6 per cent to S$168 million mainly due to lower property tax expenses.
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