Ascendas Reit's Q4, full-year DPU up on acquisitions
Singapore
ASCENDAS Reit on Monday reported an increase in distribution per unit (DPU) to 3.91 Singapore cents for its fourth quarter ended March 31, 2018. This is higher than the 3.852 Singapore cents it paid out a year ago.
Gross revenue of the trust rose 3.3 per cent to S$215.7 million, while net property income rose 2.5 per cent to S$157.9 million, as the contributions from the acquisition of 108 Wickham Street in Brisbane, Australia last December kicked in, partly offset by the divestment of 84 Genting Lane in Singapore in January this year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention