ASCENDAS Reit on Monday reported a 6.1 per cent rise in distribution per unit to 4.148 Singapore cents for the fourth quarter ended March 30, from 3.910 cents last year.
Q4 gross revenue increased 4.3 per cent to S$225.06 million, while net property income grew 3.5 per cent to S$163.43 million. The total amount available for distribution was up 12.7 per cent to S$129.02 million. "Moving forward, we plan to transform some of our properties at the opportune time to be future-ready. We will also continue with our overseas growth strategies and unlock value in our assets to further strengthen the portfolio."
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