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Ascott Reit DPU up 9% in Q1 on acquisitions, forex gains

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Janice Heng

Janice Heng

Published Wed, Apr 18, 2018 · 09:50 PM

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Ascott Residence Trust

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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