Distributable income correspondingly fell 56% y-o-y to $32.6 million.
Analysts remain optimistic on Ascott Residence Trust (ART), in spite of its “weaker-than-expected” performance for 1H2020 ended June 30.
The trust’s distribution per stapled security (DPS) fell 69% to 1.05 cents in 1H2020, from the 3.43 cents disbursed in the year earlier.
