EC World Reit cuts Q4 DPU, sees muted demand in Wuhan

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".