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NY acquisition boosts Ascott Reit revenue; Q4 DPU of 2.07 cents

Quarter's DPU down 4% from year-ago's 2.16 cents which included one-off items; on adjusted basis, DPU is up 18%

Ascott Reit's acquisition in New York's Times Square in August was the biggest contributor to revenue growth, with the property running at almost full occupancy in Q4 2015.


ASCOTT Residence Trust (Ascott Reit) reported distribution per unit (DPU) of 2.07 Singapore cents for the fourth quarter ended Dec 31, down 4 per cent from 2.16 Singapore cents in the same quarter in 2014.

Stripping out one-off items amounting to about S$6.1 million in Q4