Ascendas Hospitality Trust's Q3 DPS down 14%
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Singapore
DRAGGED down by weakness in its Australia portfolio, Ascendas Hospitality Trust (A-HTRUST) posted a 14 per cent drop in distribution per stapled security (DPS) to 1.41 Singapore cents for the third quarter ended Dec 31, 2017 .
Net property income (NPI) slipped 4.7 per cent from a year ago to S$25.2 million amid weaker performance in the Australia portfolio and translation losses in foreign-currency earnings due to the stronger Singapore dollar.
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