Half Year 2019 Ascendas Real Estate Investment Trust Earnings Presentation Transcript
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Good afternoon, ladies and gentlemen. Today, there'll be 2 presentations. The first one will be on Ascendas REIT 2Q FY 2019 results. The second presentation will be on the $1.66 billion proposed acquisition in the U.S. and Singapore. After the 2 presentations, we will wrap up with a -- having Q&A session.
Okay. So let's begin. Despite a very uncertain market condition in 2Q, Ascendas REIT continued to achieve a steady set of results. Gross revenue, NPI, DI, DPU are increased, respectively, the 5.3%, 12%, 7.6% and 2.3% year-on-year.
The newly acquired 38 logistics properties in U.K. in the end of 2018, contributed positively to
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