A-HTrust Q2 distribution per unit: 1.41 cents
Higher tax costs hit distributable income
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
HIGHER-THAN-EXPECTED taxes caused second quarter distributable income at Ascendas Hospitality Trust (A-HTrust) to fall below its initial public offering (IPO) forecast.
For the three-months ended Sept 30, 2013, income available for distribution at the stapled group was $14.6 million, 2.1 per cent below the $14.9 million it had projected.Distribution per stapled security (DPS) for the quarter was 1.41 cents.
The topline at A-HTrust came in at $53.1 million, 10.1 per cent lower than its IPO forecast, mainly because of weaker demand at its Australia and China hotels.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
