Ascott Reit's Q3 DPU dips 2% on one-off item's interest cost

Singapore

ASCOTT Residence Trust (Ascott Reit) on Thursday reported a 2 per cent year-on-year dip in distribution per unit (DPU) to 2.07 Singapore cents for the third quarter ended Sept 30.

This came on the back of a one per cent drop in unitholders' distribution to S$32 million, which included a one-off item of about S$1.2 million relating to the interest cost incurred on the S$250 million perpetual securities issued in June to partially fund Ascott Reit's acquisitions in Australia and the United States.