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Ascendas Reit's Q2 DPU up 2.3% on overseas acquisitions

Performance helped by overseas acquisitions; Reit also announces acquiring of 30 business park properties in US, Singapore

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Nisha Ramchandani

Nisha Ramchandani

Published Fri, Nov 1, 2019 · 09:50 PM
Ascendas Reit

Singapore

ASCENDAS Real Estate Investment Trust (Reit), which recorded a 2.3 per cent increase in distribution per unit (DPU) for the second quarter thanks to overseas acquisitions, said it will continue to diversify its portfolio for future growth.

DPU for the three months ended Sept 30, 2019 clocked 3.978 Singapore cents, versus 3.887 cents a year ago.

ascendas reit

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