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Ascott Residence Trust reports flat Q2 DPU of 1.84 S cents

Published Tue, Jul 24, 2018 · 09:50 PM

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 cont…

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Companies & Markets

Companies & Markets

Ascott Residence Trust reports flat Q2 DPU of 1.84 S cents

Companies & Markets

American Express beats profit estimates on strong spending by wealthy customers

Sheng Siong shareholders press for details on capital allocation, M&A opportunities

Wilmar appoints former minister George Yeo as independent non-executive director

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

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