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Ascott Reit Q4 DPU dips

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

Singapore

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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