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Recent acquisitions, healthy portfolio metrics to shield Dasin Retail Trust from Covid-19 effects

Uma Devi
Uma Devi • 3 min read
Recent acquisitions, healthy portfolio metrics to shield Dasin Retail Trust from Covid-19 effects
Although the Covid-19 outbreak had resulted in the shuttering of all five of DRT’s malls from Jan 28 to Feb 24, Phillip Capital notes that these have since resumed normal operating hours with the exception of Ocean Metro Mall.
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SINGAPORE (Mar 10): Although Dasin Retail Trust (DRT) had a rough FY2019, Phillip Capital is opting for a bullish view on its inorganic growth prospects for the year ahead.

For 4QFY2019 ended December, DRT booked a distribution per unit (DPU) of 3.95 cents, up 3.6% from 3.81 cents a year ago.

However, including the distribution waiver that was meant to provide short term DPU support to help the REIT tide over the gestation period of its two younger malls -Dasin E-Colour and Ocean Metro Mall - DRT’s DPU came in at 6.82 cents, down some 5.5% from 7.22 cents last year.

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