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A-REIT 2Q16 DPU Increases 13.7%
Daily Bulletin | 23 October 2015
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Ascendas Real Estate Investment Trust (A-REIT) has announced a 2Q16 Distribution per Unit (DPU) of 4.16 cents per unit, an increase of 13.7 percent from the 3.66 cents in 2Q15.

Income available for distribution increased 10 percent to $190.9 million on the back of an increase of 10.7 percent in gross revenue received, which was attributed additional contributions from acquisition of Hyflux Innovation Centre in June 2014, Aperia in September 2014, as well as positive rental reversion on renewals and increase in occupancy in certain properties.

In September 2015, the group has announced the acquisition of a portfolio of 26 logistics properties across Australia and is expected to strengthen the group’s portfolio and generate a new income stream that is complementary to Singapore. The acquisition is expected to complete in 4Q16.

Ascendas REIT  3.130 -- --   
Business: Co invests in the real estate markets of Singapore and Australia.

Insight: Apr-19, FY19 gross revenue and NPI inched up 2.8% ... Read More

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