EC World Reit on Tuesday posted lower second-quarter distribution per unit of 1.547 Singapore cents from 1.57 cents, as gross revenue fell amid"an uncertain macro environment", according to the Chinese e-commerce logistics-focused Reit.The decline in DPU came as second-quarter income available for distribution fell 1.3 per cent to S$12.3 million year-on-year.
The acquisition is expected to have a positive contribution to the earnings of EC World Reit when completed in Q3, the manager said. For the half-year ended June 30, EC World Reit posted higher DPU of 3.048 Singapore cents from 3.039 cents.
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