Average DPU of 5 industrial Reits for January-March quarter down 3.5%

Singapore

WITH the supply of industrial space here outstripping demand, the average distribution per unit (DPU) for five of the seven industrial real estate investment trusts (Reits) that have released their earnings for the quarter ended March 31, has gone down.

The average DPU for the five was 2.1 Singapore cents, down an average 3.5 per cent from the year-ago period, said an SGX (Singapore Exchange) My Gateway report on Wednesday.