Ascendas REIT reports 6.7% distribution amount hike for FY 2020

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Meanwhile, the REIT’s gross revenue soared by 13.6% The total amount for distribution of Ascendas REIT climbed by 6.7% YoY in FY 2020 to $538.4m, according to a report by REIT manager Ascendas Funds Management. The distribution amount has been partially offset by increase in non-property operating expenses related to new acquisitions as well as higher net finance costs caused by higher average debt balances. read more