Ascendas REIT's net property income up 6.9% to $124.3m in Q1

On back of higher occupancy, rents.

Ascendas REIT reportd that its net property income grew 6.9% year-on-year to $124.3m in the first quarter, underpinned by higher occupancy and positive rental reversions.

The REIT manager reported that positive rental reversion was achieved across all segments of its portfolio.

Total amount available for distribution grew 4.5% to $92.5m. Distribution per unit rose 4.4% to 3.841 cents.


 

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