Revenue from the REIT’s Australia hotels dropped 2.1% to $41.1 million, due to lower contribution from the conferences and events (C&E) business for the quarter and weakening of AUD against SGD.
SINGAPORE (Feb 1): The manager of Ascendas Hospitality Trust (A-HTRUST) announced DPS of 1.41 cents for 3Q17/18, down 14% compared to the DPS of 1.64 cents in 3Q16/17.
Gross revenue for 3Q17/18 came in at $58.1 million, 1.8% lower than $59.2 million last year, due to weaker performance of the REIT’s Australia portfolio. This was further exacerbated by the weakening of JPY, RMB and AUD against SGD.
