A-HTrust posts 3.9% rise in Q3 DPU to 1.61 cents

ASCENDAS Hospitality Trust (A-HTrust) reported a 33.2 per cent jump in distributable income, from $12.5 million to $16.6 million, mainly due to improved performance of the Australia portfolio, full quarter contribution from Ibis Beijing Sanyuan, and new income from Park Hotel Clarke Quay, which was acquired in June last year.

Correspondingly, distribution per unit (DPU) rose 3.9 per cent from 1.55 cents to 1.61 cents.

For the quarter under review, net property income (NPI) rose 36.9 per cent from $17.1 million to $23.4 million while gross revenue rose 10.0 per cent from $51.4 million to $56.6 million.