A-Reit Q2 Income Up 15%

Source : The Business Times, October 19, 2007

Ascendas Real Estate Investment Trust (A-Reit), Singapore's third-biggest property trust by market value, posted on Friday a 15 per cent rise in quarterly net income, boosted by rising business-parks rents.

A-Reit earned distributable net income of $46.5 million (US$31.8 million), or 3.51 Singapore cents per unit, for its fiscal second quarter to the end of September.

This compares with $40.5 million in distributable income in the same period a year ago.

A-Reit competes against commercial and industrial property-based trusts Mapletree and CapitaCommercial Trust among Singapore-listed property trusts.

The trust is managed by Ascendas-MGM Funds Management Ltd, a joint venture between Singapore's Ascendas Investments and Australia's Macquarie Goodman Industrial Management Ltd. -- REUTERS

Related Link -
http://tinyurl.com/235e3m
A-REIT's press release

http://tinyurl.com/29xo68
Financial statements

http://tinyurl.com/yua4y3
Presentation slides

http://tinyurl.com/2xd83n
Supplementary information