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EC World REIT posts 10.4% fall in 2Q20 DPU to 1.386 cents

Felicia Tan
Felicia Tan • 3 min read
EC World REIT posts 10.4% fall in 2Q20 DPU to 1.386 cents
One of the REIT’s assets, Wuhan Meiluote, which is located in the epi-centre of the Covid-19 outbreak, contributed about 1.8% towards 2Q20’s gross revenue.
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The manager of EC World Real Estate Investment Trust (EC World REIT) has declared distribution per unit (DPU) of 1.386 cents for 2Q20 ended June, 10.4% lower than the DPU of 1.547 cents a year ago.

This brings DPU for 1H20 to 2.544 cents, compared to the DPU of 3.048 cents in 1H19.

Distributable income for the quarter fell 9.5% y-o-y to $11.1 million due to a 10% retention by the manager.

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