24-07-2014, 04:52 PM
Ascendas Real Estate Investment Trust (A-REIT) posted an 8.1 percent increase in gross revenue to $163.2 million in 1Q15, mainly due to the recognition of rental income earned from Nexus @one-north, A-REIT City @Jinqiao and finance lease interest income received from a tenant. Consequently, total amount available for distribution grew moderately by 2.8 percent to $87.6 million while distribution per unit rose 2.5 percent to $0.0364.