SINGAPORE (Jan 30): Ascott Residence Trust (ART) has reported a distribution per stapled security (DPS) of 2.27 cents for 4QFY2019 ended December 2019, some 6% higher than DPS of 2.15 cents a year ago.

The increase was largely attributable to the one-off divestment gain from Ascott Raffles Place Singapore.

Excluding one-off items, 4Q DPS would have been 6% lower than a year ago.

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