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Ascott Reit's Q2 DPU down 14%; units close higher

Unitholders' distribution jumps 34% to S$46.9m; Reit manager points to Australia and US as promising markets for acquisitions

Ascott Reit's revenue for Q2 rose 4 per cent, thanks to acquisitions of Citadines City Centre Frankfurt (above), Citadines Michel Hamburg and Sheraton Tribeca New York Hotel.


UNITS in Ascott Residence Trust (Ascott Reit) rose two cents to close at S$1.195 on Thursday after the Reit announced a distribution per unit (DPU) of 1.84 Singapore cents for the second quarter of 2017.

This was down 14 per cent from a year ago. However, excluding a one-...

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