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Ascott Residence Trust H1 DPS up 14% on boost from travel recovery

Sharanya PillaiJude Chan

Sharanya Pillai,

Jude Chan

Published Fri, Jul 29, 2022 · 08:32 AM
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THE return of global travel has lifted the fortunes of Ascott Residence Trust : HMN 0% (ART), as it recorded a 14 per cent rise in distribution per stapled security (DPS) to S$0.0233 for H1 ended June.

Revenue for the period rose 45 per cent year on year to S$267.4 million, translating to a 44 per cen…

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