Gross revenue for the quarter grew 4.2% to $226.4 million from $217.3 million previously, due to contributions from new UK logistics properties acquired in late 2018, recently acquired properties in Australia over Dec 2017-Aug 2018, as well as a redeveloped property at Tuas Avenue 1 in Singapore.
SINGAPORE (Jan 30): The manager of Ascendas REIT (A-REIT) reported a 3Q19 distribution per unit (DPU) of 3.998 cents, growing 0.7% from 3.97 cents a year ago after taking into account an enlarged number of units in issue.
The growth in DPU was mainly attributed to contributions from both newly-acquired and redeveloped properties.
