Ascott Residence

Ascott Residence’s Q2 DPU drops 18% on-year

Mainboard-listed Ascott Residence Trust announced on Thursday that its distribution per unit (DPU) for the second quarter stood at 1.79 cents. That is 18 per cent lower than the 2.19 cents reported over the same period last year. For the three months ended in June, the total amount distributable to unitholders was S$11 million, 17 per cent lower than last year's S$13.3 million. Revenue decreased by seven...

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