Ascendas India Trust (a-iTrust) posted strong third-quarter results due to more income from a recently acquired information technology (IT) park and a new office building. Distribution per unit (DPU) for the quarter rose 5 per cent to 1.42 Singapore cents.
Net property income for the three months that ended Dec 31 grew by 7 per cent, compared with the same period last year, to reach $26.4 million. In rupee terms, it grew 9 per cent to hit 1.27 billion rupees.
Read more: Straits Times
