SINGAPORE (Jan 29): Ascendas Hospitality Trust (A-HTRUST) posted distribution per stapled security (DPS) of 1.45 cents for the 3Q18/19 ended December, 2.8% higher than DPS of 1.41 cents a year ago.
This was mainly attributed to the absence of due diligence costs incurred in the corresponding quarter last year in relation to a proposed acquisition which did not materialise, as well as lower net financing costs.
Income available for distribution in 3Q18/19 rose 3.4% to $17.7 million, from $17.2 million a year ago, mainly due to lower expenses and lower net financing costs.
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