You are here

Ascott Reit's Q3 DPU at three-year high

Revenue rises 9% to S$123.9m and gross profit grows 4% to S$57.5m, thanks to acquisition of properties in 2015 and this year


HOLDING up a sterling report on Thursday, Ascott Residence Trust (Ascott Reit) said its distribution per unit (DPU) for the third quarter ended Sept 30 rose 14 per cent from a year ago to 2.35 Singapore cents, the highest DPU recorded in the past three years.