Stock News Singapore : A-REIT's 1Q DPU rises 4% to 3.996 cents; launches private placement to raise up to $150 mil .

SINGAPORE (Aug 2): Ascendas Funds Management (S) Limited, the administrator of Ascendas Real Estate Investment Trust (A-REIT), has pronounced a 1Q16 DPU of 3.996 pennies, 4% higher than a year prior, supported principally by the Australia Portfolio and ONE@Changi City, which were gained in the second 50% of FY15. 

Lower utilities costs additionally contributed because of lower rates contracted for specific properties with impact from 1Q16. 

Aggregate sum accessible for dispersion grew 15.5% to $106.9 million from a year back.

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