Ascendas REIT's NPI up 8.5% to $182.3m in Q3 | / Property news / Ascendas REIT's NPI up 8.5% to $182.3m in Q3

Ascendas REIT's NPI up 8.5% to $182.3m in Q3

Fresh property news selection on February 03. 2020, Monday.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to so our editors can use them as sources.

Its logistics assets in the UK led has the most contributions.

Ascendas REIT saw its net property income (NPI) rose 8.5% YoY to $182.3m in Q3 2019 from $168m in 2018, an announcement revealed. However, its distribution per unit (DPU) fell 12.3% to 3.51 cents from 4 cents over the same period.

Total amount available for distribution edged up 2.1% YoY in Q3 to $126.9m from $124.3m, whilst its gross revenue also grew 5.1% YoY to $239.7m from $226.4m in Q3 2018.

For its 9M period, NPI edged up 10.6% YoY to $537.7m from $486.1m in 9M 2018, whilst its DPU dipped 3.3% YoY to 11.49 cents. The NPI growth was attributed to contributions from the 38 logistics properties in the UK, 28 properties in the US and two properties in Singapore.

Read the full article here »

Daily Property News from Singapore

Public transport, traffic and other news stories from Singapore

Best restaurants in Singapore

Elegance Living Room Ideas

Previous news selection

Singapore private residential market may be stabilising: Redas president

About Daily Property News Selection's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.


If you also want to share an amazing article that you come across and it fits in the real estate / economy topics, just let it us know in e-mail. We don't guarantee to publish all, but we will some of them for sure. If you want us to bring out your own article, please contact us at Some references would also be highly welcome to send us from among your previous publications.


Are you looking for some online distribution channels? You find one. Haven't you found a place for your traditional means of advertisement, like PR article or display banner? You've never been so close, just e-mail us at and our colleague will get in touch with you.