EC World REIT reports DPU of 0.991 cents in maiden results, 2.5% shy of forecasts

SINGAPORE (Oct 28): EC World Asset Management, the manager of newly-listed EC World REIT, announced a distribution per unit (DPU) of 0.991 cents for its first reporting period from Jul 28 to Sept 30 – 2.5% under the forecast 1.016 cents due to a shortfall in finance income.

Gross revenue and net property income, however, outperformed forecasts at $16.4 million and $15 million respectively – 0.9% and 1.2% higher in comparison to the respective projections of $16.3 and $14.8 million.

(See also: EC World REIT manager says public offer ‘oversubscribed’)

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