Ascott Reit posts 7% rise in Q1 DPU

Singapore

BETTER operating performance, lower financing costs and a higher one-off realised exchange gain boosted Ascott Residence Trust's (Ascott Reit's) distribution per unit (DPU) for its first quarter.

For the three months ended March 31, DPU rose 7 per cent to 1.45 Singapore cents, from 1.35 Singapore cents a year ago.