This was due mainly to a one-off reversal of dividend distribution tax (“DDT”) provision made in the last financial year, according to the trust.
Ascendas India Trust (a-iTrust) has announced a weak set of results for the first half period ended June 30, no thanks to a challenging leasing environment.
Its distribution per unit (DPU) fell 9% to 4.2 cents, from 4.64 cents a year ago.
