Ascendas Reit Q3 DPU down 12.3% on enlarged base following rights issue
Gross revenue rose 5.9%, bolstered by contributions from new properties
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Singapore
ASCENDAS Reit's distribution per unit (DPU) for its third quarter fell 12.3 per cent to 3.507 Singapore cents due to an enlarged number of units in issue after a rights issue in December last year.
Gross revenue for the quarter under review rose 5.9 per cent from a year earlier to S$239.73 million, bolstered by contributions from 28 properties in the US and two properties in Singapore acquired in December last year.
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