Without the distribution waiver, 1Q DPU would have risen 43% to 0.96 cent from 0.67 cent a year ago.
SINGAPORE (May 11): The trustee-manager of Dasin Retail Trust (DRT) has announced a 1Q18 distribution per unit (DPU) of 1.83 cents, up 23% from its 1Q17 DPU of 1.49 cents on the near-doubling of revenue, and after factoring in a waiver.
To recap, two major unitholders of DRT have agreed to not receive distributions for some of the REIT’s units they own, which means higher distributions for other unitholders.
