Ascendas Hospitality Trust Q2 DPS up 2.9%

Singapore

ASCENDAS Hospitality Trust (A-HTrust) posted on Monday a 2.9 per cent increase in its distribution per stapled security (DPS) for the second quarter, as lower net finance cost helped to lift earnings.

For the three months ended Sept 30, 2017, DPS stood at 1.42 Singapore cents, up from 1.38 Singapore cents a year ago. A-HTrust's DPS for H1 2018 was 2.73 Singapore cents, up from 2.67 Singapore cents the year before.