Ascendas REIT has announced a distribution per unit of 3.64 cents for the first quarter of this year. This is 2.5% higher than a year back.
Meanwhile, total amount available for distribution grew 2.8% to reach $87.6 million.
Net property income was $116.3 million for the quarter, up 7.7%.
Ascendas Funds Management said gross revenue for the period had risen by 8.1% mainly due to recognition of rental income from Nexus@one-north, A-Reit City@Jinqiao, and finance lease interest income from a tenant.
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