October 20, 2016 / 9:41 AM / 3 years ago

BRIEF-Ascendas REIT qtrly net property income S$ 152.4 mln vs S$ 123.8 mln

Oct 20 (Reuters) - Ascendas Real Estate Investment Trust :

* Qtrly net property income S$ 152.4 million vs S$ 123.8 million

* Qtrly gross revenue S$ 205.4 million versus S$182.6 million

* Leases for about 12 pct of gross revenue in Singapore are due for renewal in fy16/17

* Qtrly distribution per unit 4.03 cents versus 4.16 cents

* Industrial property market condition in Singapore is expected to remain challenging

* Slowing economy is expected to affect leasing demand in Singapore Source text for Eikon: Further company coverage:

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