Ascott Reit DPU up 9% in Q1 on acquisitions, forex gains
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Singapore
ASCOTT Residence Trust (Ascott Reit) saw distribution per unit (DPU) rise 9 per cent to 1.28 Singapore cents for the first quarter ended March 31, after adjustment for one-off items, in results released yesterday.
This was up from the restated DPU of 1.17 Singapore cents in the same period a year before, following a rights issue in April 2017. The gain came as unitholders' distribution rose 16 per cent to S$29.2 million.
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