Ascott Reit's Q2 DPU down 14%; units close higher
Unitholders' distribution jumps 34% to S$46.9m; Reit manager points to Australia and US as promising markets for acquisitions
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
UNITS in Ascott Residence Trust (Ascott Reit) rose two cents to close at S$1.195 on Thursday after the Reit announced a distribution per unit (DPU) of 1.84 Singapore cents for the second quarter of 2017.
This was down 14 per cent from a year ago. However, excluding a one-off realised foreign-exchange gain and the effects of a recent rights issue, the DPU for Q2 2017 would have been 2.10 cents for a same store comparison, Ascott Reit said.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
