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Ascendas REIT delivers slightly higher 1Q DPU of 4.005 cents

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Ascendas REIT delivers slightly higher 1Q DPU of 4.005 cents
SINGAPORE (July 29): The manager of Ascendas Real Estate Investment Trust (Ascendas REIT) posted distribution per unit (DPU) of 4.005 cents for the 1Q19 ended June, marginally higher than DPU of 4.002 cents a year ago, despite an enlarged unit base.
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SINGAPORE (July 29): The manager of Ascendas Real Estate Investment Trust (Ascendas REIT) posted distribution per unit (DPU) of 4.005 cents for the 1Q19 ended June, marginally higher than DPU of 4.002 cents a year ago, despite an enlarged unit base.

Total amount available for distribution rose 6.3% to $124.7 million in 1Q19, from $117.3 million a year ago.

1Q19 gross revenue grew 6.1% to $229.7 million, from $216.6 million a year ago.

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