Ascendas REIT posts 2.3% rise in 2Q DPU to 3.978 cents; proposes acquisition of 30 properties in US and Singapore for US$1.66 bil

SINGAPORE (Nov 1): The manager of Ascendas Real Estate Investment Trust (Ascendas REIT) has announced a 2.3% increase in distribution per unit (DPU) to 3.978 cents for the 2Q19 ended September, from DPU of 3.887 cents a year ago.

Total income available for distribution grew 7.6% y-o-y to $123.8 million in 2Q19, from $115.0 million a year ago.