Ascott REIT announced 3Q16 distributable income achieved a record $38.7 million, up 21% from a year ago. DPU for 3Q16 also hit a three-year high, rising 14% to 2.35 cents. The record distribution was mainly due to a realised exchange gain of $3.3 million from repayment of foreign currency loans from divestment proceeds of Fortune Gardens Apartments. Net property income saw a boost by 2015 acquisitions, rising 4% to 57.5 million. Units of Ascott REIT closed flat at $1.13.

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