SUBSCRIBERS

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

Nisha Ramchandani

Published Thu, Jul 20, 2017 · 09:50 PM

ascott residence trust

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes