Ascott Reit keeps faith with London
Singapore
ASCOTT Residence Trust said London will remain a key global city despite the Brexit vote, and that it would seek out acquisitions in developed markets.
This comes as it reported on Wednesday a 2 per cent rise in distribution per unit (DPU) for the second quarter from a year ago. DPU for the three months ended June 30 stood at 2.13 Singapore cents, up from 2.09 Singapore cents. If adjusted for an equity placement, the DPU would have risen by 3 per cent, to 2.16 Singapore cents.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Former PAP MP, minister of state retire as company directors
US: Wall St opens higher
Air China to buy 100 locally made C919 jets in US$11 billion deal
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses