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Ascott Reit Q4 DPU dips

Ascott Reit's strong performance has been attributed to its acquisitions which include the Sheraton Tribeca New York Hotel.


HOSPITALITY Reit Ascott Residence Trust (Ascott Reit) reported a 7 per cent drop in its distribution per unit (DPU) to 1.93 Singapore cents for the fourth quarter ending Dec 31, 2016.
This was from 2.07 cents a year ago, after the Singapore-listed real estate

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