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Ascendas ups distribution for fiscal Q1

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.