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Accordia Golf Trust declares interim distribution to 2.20 cents, 39% lower from a year ago

PC Lee
PC Lee5/28/2018 07:12 PM GMT+08  • 2 min read
Accordia Golf Trust declares interim distribution to 2.20 cents, 39% lower from a year ago
SINGAPORE (May 28): Accordia Golf Trust, the business trust consisting of golf course assets in Japan, has declared a 39% lower distribution of 2.20 cents for the 1H18 compared to the distribution of 3.59 cents in 1H17.
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SINGAPORE (May 28): Accordia Golf Trust, the business trust consisting of golf course assets in Japan, has declared a 39% lower distribution of 2.20 cents for the 1H18 compared to the distribution of 3.59 cents in 1H17.

In 4Q18, total distributable income available came in 62% lower at JPY 493 million ($6 million) compared to JPY 1.3 billion in 4Q17.

The trustee-manager says this was due to a decline in cash flows from operating activities caused by cold weather and a decrease in proceeds relating to membership revenue.

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