You are here

Ascott Reit's post-rights Q2 DPU falls to 2.19 cts

Trust declares DPU of 3.94 Singapore cents for the first half of this year

BT_20140722_LMXASCOTT22_1188201.jpg
Turning around: Singapore as a market did not perform well in Q2. But this seems to be turning around in Q3 for properties including Ascott Raffles Place. - ST FILE PHOTO

ASCOTT Reit's distribution per unit (DPU) fell 11 per cent to 2.19 Singapore cents for its second quarter ended June 30, due to a dilution following a one-for-five rights issue last December. This is compared to the 2.45 Singapore cents it paid out a year ago. The CapitaLand-linked unit said