The Business Times
business-time-50

Ascendas Reit Q3 DPU down 12.3% on enlarged base following rights issue

Gross revenue rose 5.9%, bolstered by contributions from new properties

google-preferred-sourceAdd BT as a preferred source
Nisha Ramchandani

Nisha Ramchandani

Published Fri, Jan 31, 2020 · 09:50 PM
Ascendas Reit

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.

ascendas reit

TRENDING NOW

Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

Wu, the owner of car dealership Allmotoring.sg, is alleged to have carried out the offences from February 2019 to November 2024.

Car dealer charged in S$1.1 million tax evasion case involving Porsches, Ferraris, Rolls-Royces

The hiring push comes as Singapore’s banks expand their wealth franchises across Asia.

Singapore banks’ battle for wealth talent goes beyond private bankers

Seatrium reported on Feb 28 that its profit for H2 2025 rose 48.3% to S$179.3 million.

Seatrium expects ‘material’ improvement in H1 profit

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More