Corporate digest

Ascendas Hospitality Trust

ASCENDAS Hospitality Trust posted a 2.8 per cent rise in distribution per stapled security (DPS) for the third quarter ended Dec 31, 2018. DPS rose to 1.45 Singapore cents from 1.41 Singapore cents.

Income available for distribution, less the income retained for working capital, edged up 3.1 per cent to S$16.5 million. Gross revenue dropped 5.1 per cent to S$50.1 million, while net property income remained mostly flat at S$23.2 million.