Ascott Reit Q2 DPU falls 5%, revenue rises 12% to S$98.7m

Singapore

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. Gross profit rose 6 per cent to S$49.4 million…