Unitholders’ distribution for the quarter was $39.8 million.
SINGAPORE (July 24): The manager of Ascott Residence Trust (Ascott REIT) reported a distribution per unit (DPU) of 1.84 cents in 2Q18 ended June, the same as that of 2Q17.
2Q18 revenue grew 6% year-on-year to $130.5 million, lifted by its acquisitions in 2017. Gross profit increased 7% to $63.1 million due to higher revenue. Revenue per available unit (RevPAU) rose 6% to $155 on the back of stronger demand and operating performance for Ascott Reit’s properties in markets such as Belgium, China and the United Kingdom.
