Ascendas Reit Q3 DPU down 12.3% on enlarged base following rights issue
Gross revenue rose 5.9%, bolstered by contributions from new properties
Add BT as a preferred source
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.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
The returnees: Inside China’s AI talent reversal
