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Home / Capital / Results

Ascendas Hospitality Trust posts 2.8% higher 2Q DPS of 1.46 cents

Results

Ascendas Hospitality Trust posts 2.8% higher 2Q DPS of 1.46 cents

Samantha Chiew Published on Wed, Oct 31, 2018 / 5:36 PM GMT+8

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SINGAPORE (Oct 31): The manager of Ascendas Hospitality trust (AHT) has announced a 2Q19 DPS of 1.46 cents, 2.8% higher than the 1.42 cents declared in 2Q18.

This came on the back of a 3% increase in income available for distribution to $16.6 million, compared to $16.1 million a year ago.

The improvement was attributed to savings in net finance costs and partial distribution of the proceeds from the divestment of the two hotels in Beijing.