EC World Reit cuts Q4 DPU, sees muted demand in Wuhan
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
DESPITE higher revenue and net property income (NPI), EC World Real Estate Investment Trust (EC World Reit) posted a 3.8 per cent drop in distribution per unit (DPU) to 1.51 Singapore cents for the fourth quarter, from 1.57 cents a year earlier.
The manager of the logistics real estate investment trust (Reit), which has eight properties in China, said in a filing that it retained 5 per cent of capital distribution to unitholders for general working capital purposes and "unforeseen contingencies".
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
