According to the REIT manager, the FY2021 decline was due to the higher DPU in FY2020 on the back of a one-off reversal of dividend distribution tax provision.
Ascendas India Trust (a-iTrust) has reported a distribution per unit (DPU) of 3.60 cents for the 2HFY2021 ended December, 14% lower than the 4.19 cents posted in the 2HFY2020.
This brings FY2021 DPU to 7.80 cents, which is 11% lower than FY2020’s DPU of 8.83 cents.
