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Ascendas Hospitality Trust posts 5.2% drop in 1Q DPS to 1.28 cents on absence of one-off divestment proceeds

Uma Devi
Uma Devi8/1/2019 07:58 PM GMT+08  • 3 min read
Ascendas Hospitality Trust posts 5.2% drop in 1Q DPS to 1.28 cents on absence of one-off divestment proceeds
SINGAPORE (Aug 1): Ascendas Hospitality Trust (AHT) reported distribution per stapled security (DPS) of 1.28 cents for the 1Q19 ended June, down 5.2% from DPS of 1.35 cents a year ago.
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SINGAPORE (Aug 1): Ascendas Hospitality Trust (AHT) reported distribution per stapled security (DPS) of 1.28 cents for the 1Q19 ended June, down 5.2% from DPS of 1.35 cents a year ago.

Distributable income fell 4.8% to $14.6 million in 1Q19, compared to $15.3 million in 1Q18/19.

This was mainly due to the absence of partial distribution of proceeds of $1.8 million in 1Q18/19 from the divestment of Novotel Beijing Sanyuan and ibis Beijing Sanyuan.

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