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Ascendas Hospitality Trust reports 3.1% rise in 1Q DPS to 1.35 cents

Stanislaus Jude Chan
Stanislaus Jude Chan8/2/2018 06:08 PM GMT+08  • 2 min read
Ascendas Hospitality Trust reports 3.1% rise in 1Q DPS to 1.35 cents
SINGAPORE (Aug 2): The managers of Ascendas Hospitality Trust (A-HTRUST) reported distribution per stapled security (DPS) of 1.35 cents for the 1Q18/19 ended June, some 3.1% higher than DPS of 1.31 cents a year ago.
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SINGAPORE (Aug 2): The managers of Ascendas Hospitality Trust (A-HTRUST) reported distribution per stapled security (DPS) of 1.35 cents for the 1Q18/19 ended June, some 3.1% higher than DPS of 1.31 cents a year ago.

This was largely due to the partial distribution of the proceeds from the divestment of the two hotels in Beijing, as well as and lower net finance costs.

1Q18/19 gross revenue fell 9.8% to $48.2 million, from $53.5 million a year ago. This was mainly due to partial loss of income arising from the divestment, as well as lower contribution from the Australia portfolio.

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