Revenue for 2Q19 increased 2% to $132.5 million. This was mainly due to additional revenue from the acquisition of Citadines Connect Sydney Airport in May and higher revenue from the existing properties in the Philippines, the United Kingdom and Japan.
SINGAPORE (July 30): The manager of Ascott Residence Trust’s (Ascott REIT) has announced 2Q19 distribution per unit (DPU) 1.98 cents, up 8% from a year ago.
Ascott Residence Trust Management Limited (ARTML) says unitholders’ distribution for the quarter also increased 8% to $43.1 million. This included a realised exchange gain of $3.1 million arising from the repayment of foreign currency bank loans with the divestment proceeds from Ascott Raffles Place Singapore.
