Ascott Reit keeps faith with London
Singapore
ASCOTT Residence Trust said London will remain a key global city despite the Brexit vote, and that it would seek out acquisitions in developed markets.
This comes as it reported on Wednesday a 2 per cent rise in distribution per unit (DPU) for the second quarter from a year ago. DPU for the three months ended June 30 stood at 2.13 Singapore cents, up from 2.09 Singapore cents. If adjusted for an equity placement, the DPU would have risen by 3 per cent, to 2.16 Singapore cents.
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