Ascendas Reit DPU Up

Source : Weekend TODAY, October 20, 2007

Ascendas Reit said distribution per unit (DPU) in the second quarter was about 3.51 cents, up 11 per cent from 3.16 cents in the same period last year.

Ascendas said the higher DPU was the result of additional rental income from new properties.

Gross revenue came in 15 per cent higher on year at $80.2 million.