A-HTrust's DPS for Q4 up 5.4% to 1.37 cents

Singapore

STRONG portfolio performance in Australia, China and Japan, coupled with the appreciation of the Japanese yen and the Australian dollar, lifted fourth-quarter earnings for Ascendas Hospitality Trust (A-HTrust).

Distribution per stapled security (DPS) for the three months ended March 31 rose 5.4 per cent to 1.37 Singapore cents.

Also, its full-year DPS of 5.68 Singapore cents in financial year 2016/17 was a record high,the trust said in a Singapore Exchange filing on Thursday.

Its gross revenue in the period under review grew 7.5 per cent to S$57.4 million, from S$53.4 millio…