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Ascendas Hospitality Trust posts 2.8% rise in 3Q DPS to 1.45 cents

Stanislaus Jude Chan
Stanislaus Jude Chan1/29/2019 06:00 PM GMT+08  • 2 min read
Ascendas Hospitality Trust posts 2.8% rise in 3Q DPS to 1.45 cents
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.
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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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