A H-Trust's Q4 DPS increases to 1.72 Singapore cents

Singapore

DISTRIBUTION per stapled security for Ascendas Hospitality Trust (A H-Trust) in its fourth quarter ended March 31 expanded to 1.72 Singapore cents from 1.37 Singapore cents in the previous year.

Its Q4 income available for distribution less the amount retained for working capital was S$19.5 million, up 26.3 per cent from the year-ago period, mainly helped by a fee of S$4.1 million it received which is related to its divestment of two hotels in Beijing, announced in late January 2018.