The manager of Ascott Residence Trust (ART) has reported distribution per stapled security (DPS) of 1.99 cents for the 2HFY2020 ended December, some 52% lower than DPS of 4.18 cents posted in the corresponding period a year ago.

The decrease was largely due to the negative impact brought about by the Covid-19 pandemic.

The 2HFY2020 DPS, which will be payable on Feb 26, brings ART’s DPS for FY2020 or year-to-date 2020 to 3.03 cents, which is 60% lower than DPS of 7.61 cents a year ago.

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