Ascott Residence Trust reports flat Q2 DPU of 1.84 S cents
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ACQUISITIONS of two German and one Singapore property in 2017 helped drive up Ascott Residence Trust's numbers for its second fiscal quarter, while distribution per unit (DPU) remained at 1.84 Singapore cents, the same as that for the corresponding year-ago period.
The real estate investment trust (Reit) highlighted that the acquisition of Ascott Orchard Singapore, as well as Germany's Citadines City Centre Frankfurt and Citadines Michel Hamburg - all with master leases - helped provide income stability and contribute to its bottom line.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
