Total amount available for distribution rose 3.5% y-o-y to $12.3 million due to contribution from Fuzhou E-Commerce, which was acquired in August 2019, as well as organic growth from rental escalations.
The manager of EC World REIT has declared distribution per unit (DPU) of 1.388 cents for the 3QFY2020 ended Sept 30, down 6.8% from DPU of 1.489 cents a year ago.
The quarter’s DPU translates to an annualised yield of 7.7%.
