In FY2019, AREIT posted a DPU of 11.490 cents, some 3.3% lower than the 11.887 cents it logged in the corresponding nine month period a year ago. AREIT had changed its financial year end from end-March to end-December. As such, the current financial year is a nine-month period from April 1 to December 31 2019.
SINGAPORE (Feb 3): Amid economic fluctuations and a decline in its FY2019 distribution per unit (DPU), Ascendas Real Estate Investment Trust (Ascendas REIT) looks a promising investment, analysts say.
Comprising 200 properties across Singapore, Australia, United Kingdom and the United States, Ascendas REIT has a net property value of $12.8 billion. These properties house business and science parks, suburban office spaces, logistics and distribution facilities and industrial buildings.
