Corporate digest

EC World Reit

EC WORLD Reit cut distribution per unit to 1.489 Singapore cents in the third quarter, down from 1.57 Singapore cents before.

Distributable income shrank by 4.4 per cent year on year for the three months to Sept 30, to S$11.9 million, the manager said in results released on Thursday.

This was even as net property income rose by 3.2 per cent to S$22.9 million and gross revenue grew by 7.5 per cent to S$25.7 million, on the acquisition of Fuzhou E-Commerce in Aug…