Ascendas Real Estate Investment Trust will be paying out 1.31 Singapore cents as its distribution per stapled security for the first quarter of fiscal year 2017-2018, higher by 1.6% than the year ago's payout of 1.29 cents per stapled security.

For the comparable period, the company reported a net property income of S$22.3 million, down 1.5% year over year compared to the S$22.6 million it made in the year-ago period.

As of Aug. 3, US$1 was equivalent to S$1.36.