Gross revenue for the 1HFY2022 increased by 13.7% y-o-y to $666.5 million. This was mainly due to the contributions from the REIT’s newly-acquired properties in Singapore, the UK, Europe, the US and Australia, as well as a built-to-suit development in Singapore. The acquisitions were made during the FY2021 and 1HFY2022.
The manager of Ascendas REIT has reported a distribution per unit (DPU) of 7.873 cents for the 1HFY2022 ended June, 2.8% higher than the DPU of 7.660 cents in the same period the year before.
During the half-year period, the REIT’s distributable income increased by 6.3% y-o-y to $330.7 million. The amount was split among a higher base of 4.20 billion applicable units in the REIT, 3.5% higher y-o-y.
