Ascendas Hospitality Trust posts 2.9% increase in 4Q DPS to 1.77 cents

SINGAPORE (May 9): Ascendas Hospitality Trust (A-HTRUST) reported a 2.9% increase in its 4Q19 distribution per stapled security (DPS) to 1.77 cents, compared to 1.72 cents in 4Q18, as income available for distribution increased by 3.5% y-o-y to $20.1 million.

This was mainly attributed to full quarter contribution from the five hotels acquired during the financial year, lower net finance costs and partial distribution of the proceeds from the divestment of the two hotels in Beijing.