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Ascott Residence Trust Q4 DPU flat at 2.04 cents

Adjusting for various factors including a rights issue last March, DPU would have actually gone up by 7%

Nisha Ramchandani

Published Fri, Jan 26, 2018 · 09:50 PM

Singapore

ASCOTT Residence Trust posted a distribution per unit (DPU) of 2.04 Singapore cents for the fourth quarter ended Dec 31, 2017, flat from the corresponding period a year ago due in part to a rights issue which took place last year.

Adjusting for a one-off realised exchange gain, the effects of the rights issue in March last year, contributions from Ascott Orchard Singapore as well as a divestment gain, DPU would have actually gone up by 7 per cent to 2.07 cents.

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