Ascott trust unit price up as Q4 DPU surges
Reit expects to grow steadily from acquisitions and renovations of existing properties
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.
Adjusting for rights issue effects an…
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