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Ascendas Hospitality Trust posts 13% growth in Q3 DPS

The better performance is led by its portfolio of hotels in all markets except for Singapore

Anita Gabriel

Published Thu, Jan 26, 2017 · 09:50 PM

Singapore

ASCENDAS Hospitality Trust (A-H Trust) on Thursday posted a 13.1 per cent jump in distribution per stapled security (DPS) to 1.64 Singapore cents for the third quarter from 1.45 Singapore cents a year ago, on the back of better performance of its portfolio of hotels in all markets except for Singapore.

This was after deducting income retained for working capital purposes.

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