Ascott Reit Q2 DPU dips 5%
ASCOTT Residence Trust posted a 5 per cent dip in distribution per unit (DPU) to 2.09 Singapore cents for the second quarter ended June 2015 from 2.19 Singapore cents a year ago.
Excluding one-off items over the second quarter of the previous year, DPU would have come in 5 per cent higher.
The Reit turned in a 12 per cent rise in revenue to S$98.7 million for the period under review which was led by addition revenue from properties acquired in 2014.
In line with that, gross profit rose 6 per cent to S$49.4 million.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Electrolux Q1 loss nearly triples on weak demand but beats expectations
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters