Ascott trust unit price up as Q4 DPU surges
Reit expects to grow steadily from acquisitions and renovations of existing properties
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Singapore
SERVICED apartment play Ascott Residence Trust traded 1.5 cents higher at S$1.285 after reporting a 62 per cent year-on-year surge in fourth-quarter distribution per unit (DPU) to 2.16 cents.
The trust, which pays distribution semi-annually, will distribute 4.264 cents per unit for the second half of 2014, up 15 per cent. Net asset value at end-2014 was S$1.37.
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